Government railway company gets order worth Rs 404 crore, shares may be seen in action as soon as the market opens

All the railway stocks listed in the Indian stock market are going through a very bad phase these days. Railway stocks are among the stocks that have suffered the most in the falling market. The government railway company said that it has received an order from East Coast Railway, whose value is Rs 404.4 crore. Yes, this government railway company that has received an order of Rs 404.4 crore is none other than RVNL.

The company’s shares closed at Rs 400 with a decline on Tuesday. This order received by Rail Vikas Nigam Limited i.e. RVNL is good news not only for the company but also for all its investors. Let us tell you that the shares of the government company have been seeing a huge decline for some time. The company’s shares have reached about 38 percent below their lifetime high. On Tuesday, when the Indian stock market saw a great rise, even in such an environment, RVNL shares closed at Rs 400.20 with a decline of Rs 7.05 (1.73%) on the BSE.

Share price has fallen by 32 percent in the last 6 months

In the last 6 months, the company’s shares have registered a decline of 32.17 percent (Rs 189.80). The 52-week high of RVNL shares is Rs 647.00, while its 52-week low is Rs 213.00. This PSU stock has been witnessing a continuous decline since reaching its lifetime high. In such a situation, after this order received from East Coast Railway, action can be seen in the shares of Rail Vikas Nigam Limited after the market opens today. According to BSE data, the current market cap of the company is Rs 83,442.50 crore.