September 3, 2024: Shares of Navratna company Rail Vikas Nigam Limited (RVNL) have delivered impressive multi-bagger returns to investors over the past 5 years. During this period, investors have received a bumper return of 2,343.52%. On Friday (August 30), the company’s shares closed at ₹603.55 on the NSE, marking a 4.10% increase. RVNL had announced on May 17, 2024, that a dividend of ₹2.11 per share would be distributed. The record date for the final dividend is set for September 23, 2024, and the company’s annual general meeting will be held on September 30, 2024.
Shares Rise from ₹24 to ₹600
Over the past 5 years, RVNL shares have surged from approximately ₹24 to over ₹600. If an investor had invested ₹1 lakh in this stock 5 years ago and had not sold it since, their ₹1 lakh investment would now be worth over ₹24 lakh, reflecting a return of about 2,343.52%. In 2024 alone, the stock has provided a return of 230%, increasing ₹1 lakh to approximately ₹3.3 lakh.
Partnership with Patel Engineering
Patel Engineering has partnered with RVNL for hydro and other projects in India. The company’s market capitalization has reached ₹1,26,863.05 crore. RVNL’s 52-week high is ₹647, and the 52-week low is ₹129.90. Market analysts are divided on RVNL shares. Antique Broking has labeled the stock as overvalued, while Angel One and Prabhudas Lilladher believe that the stock still has potential for further gains.