RVNL(Rail Vikas Nigam Limited) shares have risen for three sessions in a row, and on Friday they hit a new all-time high of Rs 79.55, a gain of 5%.

The Southern Railway placed an order with the Miniratna CPSE on January 12 with an estimated value of Rs 38,97,41,412.65 (including GST).

Southern Railway has granted RVNL the aforementioned several contract with a 15 month completion timeframe for domstic projects.

According to an article published on Investing.com on January 11th, Rail Vikas Nigam won a contract from Chennai Metro Rail Limited for construction orders totaling over Rs 1134 crore, to be completed in a timeframe of 1,065 days.

So far in January of 2023, the state-owned company has received three very large orders. In just a year, RVNL shareholders have seen a price increase of 125%, making the stock a multibagger.