Shares of railway infrastructure company Rail Vikas Nigam (RVNL) continued their upward movement, hitting a new high of Rs 58.05 as they rallied 6 per cent on the BSE in Tuesday’s intra-day trade. At 11:04 am, the stock traded 5 per cent higher at Rs 57.50, as compared to 0.24 per cent decline in the S&P BSE Sensex.
Since October 20, in the past 16 trading days, the stock price of RVNL has appreciated by 62 per cent from a level of Rs 35.80, after the company announced securing multiple orders. In the past three months, the stock price of RVNL has zoomed 90 per cent, as compared to 3 per cent gain in the Sensex.
