scorecardresearchRail Vikas Nigam rises over 3% after company emerges as lowest bidder for

Rail Vikas Nigam rises over 3% after company emerges as lowest bidder for project worth 111.85 crore

Updated: 17 Mar 2023, 12:13 PM IST
TL;DR.

  • According to analysts, there's no major view on this space as recently the stock's volume has dried down. 61- 70 is the immediate trading range.

Rail Vikas Nigam: The stock gained 119.28% from 52-week low of  <span class='webrupee'>₹</span>29.0 recorded on June 20, 2022.

Rail Vikas Nigam: The stock gained 119.28% from 52-week low of 29.0 recorded on June 20, 2022.

Shares of Rail Vikas Nigam Ltd rose over 3% on Friday after the company emerged as the lowest bidder for a project worth 111.85 crore.

According to the company's exchange filing, it has been selected as the lowest bidder to supply, install, test and commission 11 KV Line associated works such as 11 KV Line bifurcation, 11 KV Line interconnection, 11 KV Line conductor augmentation, LT AB cabling augmentation and conversion of LT Bare conductor in Sidhi, Singrauli, Sagar, Damoh, Chhatarpur, Panna and Tikamgarh Circles of MPPKVVCL, Jabalpur company area.

The stock gained 119.28% from its 52-week low of 29.0 recorded on June 20, 2022. The stock price rose 92.5% and outperformed its sector by 75.3% in the past year.

The stock hit an intraday high of 64.60 and low of 63.50 on Friday, as of 11:31 IST.

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Rail Vikas Nigam in todays trading session

According to analysts, there's no major view on this space as recently the stock's volume has dried down. 61- 70 is the immediate trading range.

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First Published: 17 Mar 2023, 12:13 PM IST