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Government companies have given amazing returns to their investors in the last few years. However, due to the decline in the stock market for the past few days, the shares of these companies have also fallen. But, now there are signs of improvement in the market and people are hopeful that in this improvement some PSU stocks will also see greenery. Well, today we will tell you about a PSU stock which has given returns of more than 2100% to its investors in the last few years. Apart from this, this government company has also recently received a big order.
which company is that
The name of the government company we are talking about is Rail Vikas Nigam Limited (RVNL). Actually, this company has won the project by bidding the lowest for a power infrastructure project of Punjab State Power Corporation Limited. The company has got the project worth Rs 643.57 crore.
Recently RVNL informed the stock market that Package-3 for the execution of HT/LT Infrastructure Loss Reduction Works in Project Punjab is for Distribution Infrastructure Work for Central Zone. RVNL will do this work under the Revamped Distribution Sector Scheme. The company will have to do this work within 24 months. Experts believe that the impact of this news can be seen in this stock when the market opens on Monday.
Has given bumper returns to investors
Rail Vikas Nigam Limited has given bumper returns to its investors. On April 12, 2019, the price of one share of this company was Rs 19.75. On November 29, 2024, the price of one share of this company is Rs 434.95. Talking about 52 week high of RVNL, it is Rs 647. Whereas 52 week low is Rs 162.10. The market cap of this company is Rs 90,876 crore. Whereas the PE of this stock is 71. The ROCE of the company is 18.7 percent. Whereas, the book value is Rs 38.1. Talking about ROE, the ROE of RVNL is 20.4 percent. Talking about the face value of the share it is Rs 10.
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