Rail Vikas Nigam Limited (RVNL) is currently trading at Rs 397.00, marking a rise of 25.10 points or 6.75% from its previous close of Rs 371.90 on the BSE.

The stock opened at Rs 388.00 and recorded a high of Rs 406.10 and a low of Rs 385.75 during the session. A total of 6,20,927 shares have been exchanged on the counter so far.

Classified as a 'Group A' stock on the BSE with a face value of Rs 10, RVNL hit its 52-week high of Rs 647.00 on 15-Jul-2024 and its 52-week low of Rs 213.00 on 14-Mar-2024. Over the past week, the stock traded between a high of Rs 407.80 and a low of Rs 355.85. The company's current market capitalization stands at Rs 83,025.50 crore.

The promoter holding in the company is 72.84%, while institutional investors own 11.38%, and non-institutional investors hold 15.79% of the equity.

RVNL recently secured a Letter of Acceptance (LoA) from Bharat Sanchar Nigam Limited (BSNL) for the development, upgradation, and maintenance of the middle-mile network of BharatNet under the Design, Build, Operate, and Maintain (DBOM) model. The contract is valued at Rs 3,622.14 crore.

The company specializes in executing various railway projects, including new lines, doubling, gauge conversion, electrification, metro systems, workshops, major and cable-stayed bridges, and institutional buildings.