RVNL stock has rallied over 28 percent in the past one month.
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Rail Vikas Nigam Ltd. (RVNL) shares surged 8 percent on Friday to end at a 52-week high after the state-run company announced it has been awarded a new contract worth Rs 137.56 crore.
The RVNL stock has rallied over 28 percent in the past month alone. In October, the company bagged a contract for the construction of a four-lane highway in Andhra Pradesh from the National Highways Authority of India (NHAI). The company entered the road market only recently.
Veteran investor Ramesh Damani told CNBC-TV18 last month that he was bullish on tech and railway-focused stocks in Samvat 2079.