RVNL shares rise – Rs 14 to Rs 371: This penny stock turned into a multibagger since Coronavirus crash
Shares of Rail Vikas Nigam Ltd (RVNL) have delivered multibagger returns since the Coronavirus crash in the last five years. RVNL shares ended at Rs 13.9 a day before Coronavirus crash on March 20, 2020. The railway stock ended at Rs 371.55 in the current session, delivering multibagger returns of 2,563% returns during the period.
Sensex and Nifty tumbled to their lowest levels since 2016 on March 23, 2020 as coronavirus-led lockdowns across the world triggered fears of a recession. In the same session, the RVNL stock ended 19.78% lower at Rs 11.15 on BSE.
Meanwhile, in the current session, the RVNL stock closed 2.85% higher at Rs 371.55 on BSE. Market cap of the firm rose to Rs 77,468 crore.
RVNL shares have a one-year beta of…
