RVNL shares gain over 4% on inclusion in MSCI India index

RVNL, along with six other entities -- Dixon Technologies, Oil India , Oracle Financial Services, Prestige Estates Projects, Vodafone Idea and Zydus Lifesciences -- will be added to the index from August 30, 2024, as per a release issued post the market hours on Monday, August 12.

RVNL's scrip opened in the green today, trading at ₹581.7 apiece on the National Stock Exchange (NSE). This was up 1% as against the last closing price.

Minutes into the trading, the stock peaked to a high of ₹601.9 on the NSE, which was 4.5% higher as compared to the previous session's close.

RVNL up for 2nd day in row

Along with RVNL, other railway stocks like IRCON, IRFC and RailTel also rallied in the range of 3% to 10% on Monday.

The projects will cover 14 districts across the states of Odisha, Maharashtra, Andhra Pradesh, Jharkhand, Bihar, Telangana and West Bengal.

Notably, RVNL, which has bagged a spree of orders in the ongoing fiscal, has given returns of around 220% year-to-date. The stock has rallied by more than 360% over the past 12 months.