RVNL is Now Navratna PSU, Shares Doubled Investor Money in 1 Year

RVNL comes into focus as CPSE grants Navratna status.

Rail Vikas Nigam Ltd (RVNL) has announced that the Railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna in CPSE. RVNL is a Ministry of Railways CPSE with an annual turnover of Rs 19,381 crore and a net profit of Rs 1,087 crore in 2021-22.

Meanwhile, RVNL stock continued to face selling pressure on exchanges Thursday. The counter settled at Rs 103, down 1.58% or Rs 1.65 on the NSE.

The stock has doubled investors’ money in a year. Last year, the stock returned more than 200% of its value, while the overall Nifty50 index rose nearly 5% over the same period.

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