RVNL share price

Did you know about the trending talk of the Indian stock markets? Rail Vikas Nigam Limited is listed as RVNL in NSE, BSE, and BOM #542649 with #INE415G01027. It debuted on BSE and NSE in March 2019. RVNL was formed to undertake railway infrastructure projects and contribute to the modernization and expansion of India’s railway network. However, five years earlier, its shares were priced at ₹26.05, and today they are sold for ₹634.55, a 2,324.95% Increase! Let’s learn more about the trends of RVNL share price.

Primary Factors Driving RVNL Share Price Surge:

A significant block deal of 1.06 million shares boosted investor confidence, reflecting strong trading activity and market interest. RVNL’s Project Wins include—

1. Expanding Nagpur Metro

RVNL won a contract worth₹187.34 crore from Maharashtra Metro Rail Corporation to build six elevated metro stations in Nagpur. Within 30 months, these stations – Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club, and Kanhan River Metro Station – will be completed.

2. RVNL share price Surge due to Collaboration with TATWEER

RVNL signed an MoU with TATWEER Middle East and Africa LLC to leverage its railway expertise for joint projects across MENA and Europe. This partnership extends to smart city initiatives and digital transformation projects, encompassing design, supply, implementation, and commissioning.

3. South Eastern Railway Substation

RVNL emerged as the Lowest Bidder (L1) for a₹202.87 crore project with South Eastern Railway. Also, check about various other factors for RVNL share price increase below.  This project involves the design, supply, erection, testing, and commissioning of a 132 kV traction system.  Substation, Sectioning posts (SPs), and Sub sectioning posts (SSPs) on the Kharagpur-Bhadrak section, with completion expected in 18 months.

4. Central Railway Electrification

RVNL secured an order worth₹132.59 crore from Central Railway to upgrade the existing 1 x 25 kV Electric Traction System to a 2 x 25 kV AT Feeding System in the Wardha-Balharshah Section of Nagpur division. The project timeline spans 24 months.

Other Factors Driving RVNL Share Price Upward:

• Government support and infrastructure projects bagged by RVNL from the Ministry of Railways are planning to manufacture 10,000 non-AC coaches by 2025, enhancing rail infrastructure.
• Analyst projections and technical indicators given by experts like Mandar Bhojane and Gaurav Bissa have projected upward momentum, with price targets ranging from₹700 to₹800, supported by bullish technical indicators.
• Market performance and historical data of RVNL share price showed a remarkable rise of 345.81% in the past year, closing at₹545.35 after hitting an all-time high of₹620 on 9th/July/2024.
• RVNL’s market capitalization surged to₹1.13 lakh crore on BSE, underscoring market capitalization and substantial gains for shareholders amid robust market performance.
• In the second week of July/2024, RVNL shares fell 12% from their peak but remained 32% higher over the week. In contrast, by 11th/July/2024, shares surged nearly 60% within a month. It suggests a continuous rise in RVNL share price.

Key Insights from RVNL Forecasted Prices (2024 – 2030)

Strategic initiatives and technological advancements, expanding and market collaborations, enhancing operational efficiencies and effectively executing projects, continued emphasis on railway electrification and smart city initiatives, and investor confidence in RVNL’s capacity to implement plans may drive upward trends in RVNL share price during the next 10+ years. For all the latest finance news and stories do like and subscribe to FinanceReview.Org