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Multibagger Stock: This PSU stock is giving good returns, double the money in 1 month, jumped 10% today

highlights

The stock has given 32 per cent returns in the last five trading sessions.
In 6 months, this stock has given 148 percent profit to the investors.
There has been a 303 percent jump in this stock in 5 years.

New Delhi. The stock (RVNL Share Price) of Rail Vikas Nigam Limited, a public sector company, has made investors rich in a short span of time. Even today, a stormy boom is being seen in this stock in intraday. This PSU stock has touched its new all-time high of Rs 80.60 today. Till the time of writing the news, the share of RVNL was trading at Rs 80.20 with a gain of 9.35 per cent. The stock has jumped 99 per cent in the last one month. In this way, it has doubled the money of the investors in just one month.

RVNL and its Joint Ventures are engaged in execution of various projects entrusted by the Ministry of Railways. These projects include doubling of railway lines, gauge conversion, laying of new railway lines, electrification of railways and construction of bridges. Indian Railways is the major client of RNVL. Apart from this, it also receives orders from State Governments, Central Ministries and many Public Sector Undertakings. On November 11, RVNL had announced that it had bagged a major contract in Maldives. It is a strategic project of the Government of India. Its estimated cost is around Rs 1,544.60 crore.

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Stock giving multibagger returns
Share of Rail Vikas Nigam Limited is giving multibagger returns. The stock has given 32 per cent returns in the last five trading sessions. In the last one month, this stock has gained 99 percent. In the last 6 months, this stock has given 148 percent profit to the investors. In the year 2022, this stock has gained 122 percent. At the same time, this stock has gained 141 percent in one year.

double the money in a month
1 month ago the share price of Rail Vikas Nigam Limited was Rs.40.65. Today it has increased to Rs.80.60. If an investor had invested Rs 1 lakh in this stock 1 month ago, then today the value of his investment would have been Rs 198,277. Similarly, if an investor had invested Rs 1 lakh in this stock 6 months ago, he would have got Rs 246,860 today. In the long term also, the stock of Rail Vikas Nigam Limited has given tremendous profits. If an investor had invested Rs 1 lakh in this stock five years ago, his investment would have been worth Rs 408,101 today.

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