Rail Vikas Nigam shares witness positive trading day as shares jump up around 6%

Rail Vikas Nigam Limited (RVNL) shares jumped around 6% to Rs 410 in Tuesday’s BSE session after the company won an order worth Rs 160 crore from East Coast Railway a few days ago.

“Rail Vikas Nigam Limited has emerged as the lowest bidder (L1) from East Coast Railway for the provision of an automatic block signalling system with dual MSDAC and alterations in existing El/Pl/RRI stations in the sections of Jakhapura-Nergundi, Khurda Road-Bhusandpur & Bhusandpur-Golanthara over Khurda Road Division of East Coast Railway,” according to an exchange filing by the company.

RVNL’s share opened at ₹397 and closed at ₹396.1 on the last day of trading. The day’s high was ₹398.15, and the low was ₹383. The market capitalization now stands at ₹81,472.16 crore. The stock’s 52-week high is ₹424.95, while the low is ₹116.15. The BSE volume for the day was 1,752,843 shares traded.

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