RVNL shares rise 8% following order win; stock nearly triples in a year.

Rail Vikas Nigam Ltd (RVNL) shares rose by around 8% during Tuesday's trading session after the company received an order from South Eastern Railway. The company was notified of the order win on Monday via an exchange filing with the bourses "Rail Vikas Nigam Limited has received letter of acceptance (LoA) from SER HQELECTRICAL/South Easter Railway for designing, supply, erection, testing and commissioning for upgradation of electric traction system from 1x25 KV to 2x25 KV traction system for Kharagpur section of Kharagpur division of South Eastern Railway to meet 3000 MT loading target," according to the filing. Following the announcement of the order win, RVNL shares rose more than 7.65% to Rs 322.50 on Monday, with a total market valuation of more than Rs 67,000 crore. The scrip closed at Rs 299.65 in the previous trading session on Saturday. RVNL shares have risen more than 190% since their 52-week low of Rs 110.50 on May 31, 2023. So far in 2024, the stock has risen by more tha