InvestorQ : Can RVNL(Rail Vikas Nigam Ltd) be a multibagger in the next 5 years?
Akansha Shivdasani made post

Can RVNL(Rail Vikas Nigam Ltd) be a multibagger in the next 5 years?

Answer
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1 month ago


Rail Vikas Nigam is the arm of the Indian Railways which handles the engineering and construction activities of the Indian Railways. The Railways has huge plans for expansion in the next few years so the order books should be full.

The stock is quoting at Rs.22 that is just about 5 times P/E ratio which makes the stock quite attractive. The only challenge is the company has around 208 crore shares outstanding so it needs to be able to be able to grow its profits at around 15-20% annually. It can surely more than double in the next few years.