Shares of the state-owned Rail Vikas Nigam Ltd. (RVNL) are up 15%, trading far above the mark of ₹550 per share on Monday. For the third straight day, the multibagger stock is trading at a record high.
Today’s trading today at RVNL included a block deal involving the exchange of 1.5 crore equity shares or 0.8% of the company’s total equity. The shares traded at an average price of ₹560 per share.
Buyers and sellers in the transaction remain unknown. The stock witnessed an increase in action following the block deal.
The stock sentiment was also favourable after the company signed a Memorandum of Understanding (MoU) with Delhi Metro Rail Corporation Ltd. (DMRC) to participate in forthcoming projects in India and abroad.
As of 2:06 pm, RVNL shares were trading 14.17% higher at ₹560.20.
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