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Stock Tips: Investing in the shares of these government companies can be beneficial, good news announced by the companies

The results of the Lok Sabha Elections 2024 were slightly weaker than the exit polls, raising concerns for the NDA. Meanwhile, stocks of state-owned companies tumbled amid confusion over a stable government and speculation that the Modi government would be under pressure from allies
1 Month ago

The results of the Lok Sabha Elections 2024 were slightly weaker than the exit polls, raising concerns for the NDA. Meanwhile, stocks of state-owned companies fell amid the confusion of a stable government and speculation that the Modi government would be under pressure from allies, but PSU and Navratna shares are rising again as the hat-trick of the Modi government becomes clear.

Navratna company RVNL got order for second day in a row

Navaratna company Rail Vikas Nigam Limited has received a large order for the second day in a row. Stocks may see strong action based on orders. In a disclosure to the stock market, RVNL said it has received the order from National Thermal Power Corporation i.e. NTPC. The stock closed at Rs 369 with a rise of four and a half percent on Thursday. This is a multibagger stock which has given a return of 1040% in 2 years.

According to information available on the BSE website, Rail Vikas Nigam Limited has received a huge order worth Rs 495.14 crore from Maharatna company NTPC. Civil works for 3×40 MW Ramm Hydro Electric Project are to be completed under this order. The project is scheduled to be completed in the next 66 months.

How is the RVNL order book?

On June 5, the company received an order worth Rs 391 crore from Eastern Railway. The company is to construct a bypass in Sitarampur of Asansol division. The project is scheduled to be completed in the next 24 months. Apart from this, RVNL also received Rs. L1 has been selected as the bidder in the 124 crore work order. The order was given by the Dakshina Haryana Vidyut Parishti Nigam. Along with the Q4 results, the company said its order book stands at Rs 85,000 crore.

RVNL Share Price History

RVNL is a multibagger stock. It fell 13% to close at Rs 351 and slipped to Rs 324 intraday when the market hit on June 4. The stock closed at Rs 368 on Thursday. The stock has gained 34 percent in the last one month, 55 percent in three months, 102 percent so far this year, 208 percent in one year, 1040 percent in two years and 1105 percent in three years.

Achche Din of PSU Company HAL

On Thursday, June 6, the stock market witnessed a remarkable recovery for the second day in a row. The benchmark index managed to gain about one percent. Meanwhile, the defense PSU stock also saw an increase. In this, Hindustan Aeronautics rose by around 7 percent. Brokerage houses are positive on defense stocks after the Lok Sabha election results. Global brokerage Morgan Stanley is bullish on multibagger defense PSU HAL. Annual return on this stock is more than 170 percent.

170% return of HAL in 1 year

If we look at the performance of HAL stock, it has been a multibagger for investors over the past one year. In the last one year, the shareholders of this stock have got 170 percent return. While in 6 months there has been a surge of more than 70 percent in the stock. 65 percent returns have been generated so far in 2024. The stock hit a 52-week high of 5,434.90 and a low of 1,730.50 on the BSE. The company is valued at Rs 3.12 lakh crore.

Disclaimer:  Do not invest in stock market without knowledge. Before investing in any shares you should talk to your financial advisor once. If you do not do so, you may suffer financial loss.

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