Rail Vikas Nigam trades higher on inking agreement for infrastructure projects in Kyrgyz Republic

Rail Vikas Nigam is currently trading at Rs. 32.10, up by 0.15 points or 0.47% from its previous closing of Rs. 31.95 on the BSE.

Rail Vikas Nigam
Rail Vikas Nigam

The scrip opened at Rs. 32.10 and has touched a high and low of Rs. 32.35 and Rs. 32.00 respectively. So far 68235 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 44.75 on 25-Oct-2021 and a 52 week low of Rs. 27.50 on 24-Aug-2021.

Last one week high and low of the scrip stood at Rs. 33.60 and Rs. 31.80 respectively. The current market cap of the company is Rs. 6692.91 crore.

The promoters holding in the company stood at 78.20%, while Institutions and Non-Institutions held 9.17% and 12.63% respectively.

Rail Vikas Nigam has entered into an agreement with ‘Kyrgyzindustry’ for execution of infrastructure projects in Kyrgyz Republic. Particularly the company is going to execute the railway line network on mutually agreed terms and conditions in the Kyrgyz Republic.

Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.

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