THIS railway stock gave bumper returns in last six months, expert bullish ahead of Union Budget 2023

New Delhi: Railway PSU company Rail Vikas Nigam (RVNL) has given bumper returns to the investors in the last six month with expert being bullish on the stock ahead of Union Budget 2023. From Rs 30.55 apiece in June, the share is trading at Rs 70.70 today.

Experts opine that the shares of RVNL will see further uptrend, considering speculations that the Upcoming Budget 2023 would lay thrust on infrastructure.

The RVNL stock showed appreciable growth in November, during which it also hit a 52 week high of Rs 84.10. In the last 6 months the stock has shown a gain of more than 131%.

RVNL last week announced that it has entered in an agreement with Kyrgyzindustry-Open Joint Stock Company for construction of Rail road and other infrastructure projects in Kyrgyz Republic. 

The Indian Railways' PSU has also shown interest in bid for manufacturing 200 new rakes of new-generation Vande Bharat trains. According to the official information, the tender is about 26,000 crore rupees and the project has to complete in 24 to 30 months.