Exploring the Phenomenon of RVNL: A Success Story in the Indian Stock Market
Rail Vikas Nigam Limited (RVNL) has emerged as a shining star in the Indian stock market, showcasing remarkable growth and delivering substantial returns to investors over the past five years. Since its IPO launch in March 2019, RVNL has experienced a phenomenal journey, becoming one of the standout multi-bagger IPOs in recent times. RVNL entered the stock market with an IPO price band of ₹17 to ₹19 per equity share in March 2019. On April 11, 2019, it made its debut on both the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE) at ₹19 per share. Its listing on both exchanges at the same price contributed to its flat listing. The trajectory of RVNL's stock price since its listing reflects its extraordinary growth. From its listing price of ₹19 per share, RVNL's stock has surged significantly, recently closing at approximately ₹246 per share. This journey exemplifies the stock's exceptional value appreciation and the confidence it has garnered from investor. I...