The share of Rail Vikas Nigam Limited(NSE: RVNL) is trading as ex-dividend stocks. The company has announced a dividend that is higher than 2 rupees per share.
The price of shares issued by the company has increased since the date of ex-dividend.
The Rise In RVNL Shares
Stocks in Rail Vikas Nigam opened at 511.65 rupees in the BSE on Friday. The price of the company’s shares on BSE increased by 6.82 percent and closed at Rs 545.
The Company Is Trading On Ex-dividend
RVNL has stated in the information provided to the stock market that a dividend of 2.11 will be paid for each share.
The company has decided to set a record date for the 23rd of September 2024 for the final dividend.
We will tell you that only investors whose names will be recorded in the book of the company soon are entitled to the dividend.
The Last Month Was Not Easy In The Stock Market
For the last month, prices for RVNL shares have experienced a decline of more than 3.35 percent.
But, despite this, the value of the shares of the company has risen by 122.90 percent over the past six months.
However, those who owned the stock for a year have earned an income of 243.20 percent to date.
Let us inform you that the 52-week high of Rail Vikas Nigam Limited is at 647, and the low of the 52 weeks is 142.10. The market capitalization of the firm is over one lakh crore.
The quarter of June is thought to be the cause for the decline in share prices from Rail Vikas Nigam Limited.
There was a slowdown due to the election. The election also impacted the stock of the company.
Quick Fact
| Company name | Rail Vikas Nigam |
|---|---|
| Dividend amount | ₹2.11 per share |
| Record date | 23rd September 2024 |
| Share open price | ₹511.65 |
| Closing Price | ₹545 |
| Increase | 6.82% |
| Last month’s decline | Over 3.35% |
| Last 6 months rise | 122.90% |
| Last year’s rise | 243.20% |
| Market cap | ₹ 1,13,039 Cr. |
| Share price affected by | Election and June quarter slowdown |
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