RVNL Share Price: Shares of Rail Vikas Nigam Limited are trading as ex-dividend stock today. The company is paying a dividend of more than Rs 2 per share. The company’s share prices have seen a rise on the ex-dividend date.
RVNL shares jump
The shares of Rail Vikas Nigam opened at Rs 511.65 on BSE today i.e. Friday as compared to Thursday’s closing. Today, the price of the company’s shares rose by 1.59 percent to an intra-day high of Rs 518.60 on BSE. However, around 9.30 am, a decline was seen in the shares of Rail Vikas Nigam.
Also read: Company is giving dividend of more than Rs 100 per share, record date is near
The company is trading ex-dividend today
RVNL had informed the stock markets that a dividend of Rs 2.11 per share would be given. The company has fixed 23 September 2024 as the record date for this final dividend. Which is today. Let us tell you, only those investors whose names will be in the company’s record book today will get the benefit of dividend.
The last one month has been difficult in the stock market
During the last one month, the price of RVNL shares has seen a decline of more than 11 percent. However, despite this, the price of the company’s shares has increased by 106 percent in the last 6 months. At the same time, investors who held the stock for a year have got a profit of 206 percent so far. Let us tell you, the 52 week high of Rail Vikas Nigam Limited is Rs 647 and the 52 week low level is Rs 142.10. The market cap of the company is more than Rs 1 lakh crore.
The reason behind the fall in the shares of Rail Vikas Nigam Limited is believed to be the June quarter. During this period, there was a slight slowdown due to the elections. Which has also affected the company’s shares.
(This is not an investment advice. The stock market is subject to risks. Please seek expert advice before making any investment.)
