Rs 2.11/Sh Dividend, 1475% Gain: Railway PSU Falls 4.4%, Record Date In 3 Days

Rail Vikas Nigam Ltd shares slipped 4.4% in last 2-weeks are record date is just 3-days away now. Last trading price of RVNL shares on BSE is Rs 544.25 per share with gain of 6.62% in trade today. The PSU has a market capitalisation of Rs 1,13,477.22 crore. shares of Rail Vikas Nigam Ltd offered return of 128% in last 6-months and soared 1475% in last 2-years. Life insurance corporation of India (LIC) has 6.44% stake in RVNL as of June 2024. RVNL had recommended Rs 2.11 share final dividend and fixed September 23, 2024 as the record date. Check details below:

RVNL AGM: The railway PSU will hold its Annual General Meeting (AGM) on September 30, 2024.

RVNL Dividend: As per the May 17 BSE filing of RVNL, the board recommended a final dividend of Rs 2.11 per share (i.e. 2 1.10%) on the paid-up equity share capital for the financial year 2023-24.

RVNL Dividend History: Rail Vikas Nigam Ltd recommended 9 dividends since September 6, 2019.

RVNL Share Performance: The 52-week high price of RVNL share on BSE is Rs 647.00 per share (as on 15/07/2024) and 52-week low price is Rs 129.90 per share (as on 26/10/2023), respectively. RVNL share witnessed rally of 199% year-to-date, soared 233% in last 1-year, and gained 1672% in last 3-years. In last 5-years, Rail Vikas Nigam Ltd shares surged 2139%.

Shareholding: FII/FPI have increased holdings from 2.32% to 3.13% in Jun 2024 qtr. Number of FII/FPI investors increased from 131 to 163 in Jun 2024 qtr. Mutual Funds have increased holdings from 0.09% to 0.19% in Jun 2024 qtr. Number of MF schemes increased from 17 to 18 in Jun 2024 qtr. Institutional Investors have increased holdings from 8.50% to 9.90% in Jun 2024 qtr.

About: RVNL is a Navratna CPSE under the Ministry of Railways, Government of India. RVNL functions as an extended arm of the Ministry of Railways working for & on behalf of Ministry of Railways (MoR). It is empowered to act as an Umbrella SPV to undertake project development, resource mobilization etc. directly or by creating project specific SPVs or by any other financing structure found suitable, according to its official website.

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