Introduction:
PSU stock has secured a key telecom project by signing a Project Implementation Agency (PIA) Agreement with BSNL. This collaboration aims to enhance telecom infrastructure in Uttar Pradesh, supporting India’s expanding digital network and strengthening connectivity in the region.
Share Price movement of Rail Vikas Nigam:
On February 21, 2025, Rail Vikas Nigam Ltd opened at ₹377.15, reaching a high of ₹393.00, up 3% from its previous close of ₹381.55, and a low of ₹371.15. Currently, it is trading at ₹375.95, with a market cap of ₹78,386.33 crore.
Rail Vikas Nigam share price rise:
Rail Vikas Nigam Limited, in partnership with HFCL Ltd and Aerial Telecom Solutions, signed a Project Implementation Agency (PIA) Agreement with BSNL on February 20, 2025, for Package-6 (UP West) and Package-3 (UP East) under a BSNL tender.
This agreement strengthens RVNL’s role in telecom infrastructure development, enhancing connectivity in Uttar Pradesh. The collaboration underscores RVNL’s commitment to executing strategic projects that contribute to India’s expanding digital network and communication infrastructure.
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Recent news About Rail Vikas Nigam:
RVNL won a ₹404.4 crore contract from East Coast Railway for the Koraput-Singapur Road Doubling Project, involving major bridge and road-over-bridge constructions, with a completion timeline of 30 months.
Stock performance of Rail Vikas Nigam for Period of 1 week, 6 months and 1 year:
Rail Vikas Nigam’s stock showed mixed performance over different periods. In the past week, it gained 6.02%. However, over six months, the stock declined by 33.4%. Despite this short-term volatility, it delivered a strong 46% return over the past year, reflecting long-term growth potential.
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Shareholding pattern of Rail Vikas Nigam:
All values in % | Dec-24 | Sep-24 | Jun-24 |
Promoters | 72.84 | 72.84 | 72.84 |
FII | 5.1 | 5.05 | 3.13 |
DII | 6.16 | 6.33 | 6.77 |
Retail & others | 15.9 | 15.78 | 17.25 |
About Rail Vikas Nigam:
Rail Vikas Nigam Ltd (RVNL) is a PSU specializing in railway infrastructure development. It undertakes projects for track laying, electrification, signaling, and metro expansions. With a strong execution record, RVNL plays a key role in India’s rail network modernization and connectivity enhancement.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.