Stock price of this PSU company has nearly doubled thus far in November

Shares of railway infrastructure company Rail Vikas Nigam (RVNL) hit a new high of Rs 79.70, as they rallied 9 per cent on the BSE in Monday’s intra-day trade on healthy business outlook. Thus far, in the month of November, the stock price of public sector undertaking (PSU) company has been nearly doubled or zoomed 99 per cent from a level Rs 40, as compared to 2.7 per cent rise in the S&P BSE Sensex.

RVNL, it’s subsidiary and joint ventures are engaged in the business of implementing various types of rail infrastructure projects assigned by Ministry of Railway (MoR) including doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, major bridges, workshops,