RVNL, Oil India, Vi among 7 stocks to be added to MSCI EM Index; to attract $3 bn inflows
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
RVNL, which comes under the Ministry of Railways, has bagged an order worth ₹191.53 crore from South Eastern Railway.
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
RVNL received LOA from Maharashtra Metro Rail Corporation for the construction of six elevated metro stations
The mcap of the PSU railway stock crossed ₹1 lakh crore mark for the first time today after the shares surged 18% intraday
All railway-related stocks were trading higher today after Ashwini Vaishnaw retained the railway ministry in Modi 3.0, raising hopes for continuity in policies.
The share price of RVNL rose 8% to hit a fresh record high of ₹399.70 today after it bagged a new order worth ₹187 crore from Maharashtra Metro Rail Corp.
In two years and three years, the counter has surged 963% and 1,028%, respectively.
The PSU has received multiple orders from Himachal Pradesh State Electricity Board and Madhya Pradesh Metro Rail Corporation.
Shares of RVNL, the construction arm of the Ministry of Railways, gained as much as 11.86% to hit an intraday high of ₹281.45 on the BSE amid strong volume.