RVNL shares are up 30 per cent in 2024 so far. The multibagger stock is up 272 per cent in the last one year. The total order size is Rs 543 crore and the order will take 1092 days to be executed.
RVNL share price: The company, in a BSE filing said, "The KRDCL-RVNL JV (joint venture) emerges as the lowest bidder for Varkala Sivagiri Railway Station – Major upgradation/redevelopment of Varkala Sivagiri Railway Station in Kerala."
Investors in India rode the sleigh of a dovish U.S. Federal Reserve, which hinted at three rate cuts in 2024, leading to a global surge in equities. On December 15, the Indian market joined the global rally, marking another session of bullish momentum.
RVNL-URC JV emerged as the lowest bidder for part design and construction of elevated viaduct, 5 elevated metro rail stations and Ramp for Indore Metro Rail Project.