Railway Vikas Nigam IPO Listing - Mr. Abhijeet Bajpai, Co-Founder, Avighna Trades

Rail Vikas Nigam shares have seen a flat opening on April 11, the first day of trade on exchanges. The stock listed at Rs 19, the upper end of the price band. If we analyze financials of last 3 years the company is growing at around 30% in terms of revenues and at around 20% in terms of net profit. RVNL is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings. From cost perspective being into consultancy service it has a limited investment requirement for infra and related things and with more than 100 work order in hand of worth more than 77000 crore. Government focus on rail infrastructure spends, strong order book, attractive valuations, strong execution capabilities, robust balance sheet. Stock looks promising investors should hold for long term pick.

Source : Equity Bulls

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