RVNL shares surge 12% on expansion plans
Mon, Feb 19, 2024 11:14 AM

RVNL shares surge 12% on expansion plans

A Flip by Shubhangi Gupta
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Rail Vikas Nigam's shares rose 12% to ₹281 on Monday as it announced a ₹65,000 crore order book with 50% coming from railway projects. They also revealed plans for new offshore projects. However, officials stated that only half of this order book is from the market, while the other half is from nomination. The company has also seen a 6% drop in net profit and revenue for the December quarter.

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