Rail Vikas gains 13% in 3 days on securing orders worth of Rs 1,173 crore

On Wednesday, January 11, RVNL announced that the company bagged a Chennai Metro Rail project worth of Rs 1,134 crore and the project has to be completed in 1,065 days.

Shares of Rail Vikas Nigam Limited (RVNL) rallied 5 per cent to Rs 79.35 on the BSE in Friday’s intra-day trade amid heavy volumes in an otherwise weak market.

In past three trading days, the stock of state-owned civil construction company has surged 13 per cent after the company announced bagging of multiple orders worth of Rs 1,173 crore from Chennai Metro Rail and Southern Railway.

At 10:37 AM; RVNL traded 4.4 per cent higher at Rs 79.10, as compared to 0.37 per cent decline in the S&P BSE Sensex. A combined 13.5 million shares changed hands at