Top Railway Stock, RVNL Rose 12% amid totaling Rs 13,235 Cr Order from BSNL

RVNL, a railway stock, hit its upper circuit limit on Thursday, January 16, delivering nearly 12% returns to its investors in a single day. This surge was driven by the substantial order book it received from the government-backed telecom major BSNL, totaling Rs 13,235 crore.

After market hours, the stock increased by 10.51%, closing at Rs 411 per share on the BSE, resulting in a market capitalization of Rs 85,694.33 crore.

During trading hours, the stock rose as much as 11.6% on the BSE. The stock's 52-week high and low are Rs 647 and Rs 213 per share, respectively. The price-to-earnings ratio for RVNL is 66.94, while the return on equity stands at 16.10%. Over two days, RVNL has secured an order worth Rs 13,235.56 crore from BSNL.

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