Shares of Rail Vikas Nigam Ltd (RVNL) rose over 4% in early commerce after the state-owned agency mentioned it has received a number of orders value Rs 721 crore. RVNL inventory touched an intraday excessive of Rs 71.61, rising 4.39% on BSE. Complete 8.65 lakh shares of the agency modified arms amounting to a turnover of Rs 6.13 crore. Market cap of the agency rose to Rs 14,853 crore on BSE.

RVNL shares have risen 4.25% this 12 months and risen 113 per cent in a 12 months. In a month, the inventory has climbed 8.15%. The inventory hit a 52-week low of Rs 29 on February 24, 2022 and a 52 week excessive of Rs 84.15 on November 29, 2022.

When it comes to technicals, the relative energy index (RSI) of RVNL stands at 58.4, signaling it is neither buying and selling within the overbought zone nor within the oversold zone. RVNL inventory has a one-year beta of 0.8, indicating low volatility through the interval. Rail Vikas Nigam inventory is buying and selling greater than the 5 day, 20 day, 50 day, 100 day and 200 day transferring averages.

RVNL has acquired Letter of Award (LoA) from Nationwide Freeway Authority of India (NHAI) for building of six-lane elevated Kona expressway venture in West Bengal on EPC mode.

The Rs 720.67 crore order is to be executed in 910 days.

RVNL’s JV additionally acquired LoA from Ministry of Railways for manufacturing cum upkeep of Vande Bharat Trainsets together with up-gradation of the federal government manufacturing items & trainset depots.

Additionally, the consortium (RVNL and Tracks & Towers Infratech) acquired LoA from NHAI for ‘building of 6-lane Greenfield Varanasi-Ranchi-Kolkata freeway from Sonepurbigha village junction with NH-22 close to Chatra underneath Bharatmala Pariyojana in Jharkhand on Hybrid Annuity Mode.

Within the December quarter of final fiscal, internet revenue climbed 30.51% to Rs 382.42 crore towards Rs 293.01 crore through the earlier quarter ended December 2021. Gross sales stood flat at Rs 5012.09 crore in Q3 towards Rs 5049.24 crore through the quarter ended December 2021.

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