RVNL shares jump 8%, hit 52-week high on winning order from Nagpur Metro
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Shares of Rail Vikas Nigam (RVNL) jumped 8% to hit a new 52-week high at Rs 399.7 in Monday's trade on BSE after the company emerged as the lowest bidder for a project by Maharashtra Metro Rail Corporation (Nagpur Metro). "Rail Vikas Nigam Limited emerges as the lowest bidder (L1) from Maharashtra Metro Rail Corporation Limited (Nagpur Metro) for “construction of 6 Nos elevated metro stations (Cantonment, Kamptee Police Station, Kamptee Municipal Council, Dragon Palace, Golf Club and Kanhan River Metro Station) between Ch. – 7576.78mm to Ch - 13457.76m in Reach 2B of NMRP Phase 2," the company said in an exchange filing. The project, valued at Rs 187.34 crore, is to be completed within 30 months. At 10:25 am, the scrip was trading 3.87% higher at Rs 384.7 on BSE. The stock has also surged over 110% year-to-date, while it has gained 230% in the past one year. Also Read: Nazara promoter sells 6.38% stake to Plutus Wealth, stoc...