The shares of Rail Development Corporation Limited continued to fall in the fifth consecutive season on Friday. The stock fell 4.99 percent to close at Rs 332.95. At this price, it has lost 14.41 percent in the last five business days and 44.61 percent in six months. Today, the government -owned railway company informed the exchanges that it has received three demand notices of Rs 1.49 crore, Rs 81.55 lakh and 25.72 lakh rupees from the Deputy Commissioner (Ranchi South Division, Jharkhand), Central GST and Central Excise Commissioner (Shimla, Himachal Pradesh) and Assistant Commissioner (Delhi) respectively.
At the same time, this was the fourth demand notice against RVNL this week. Earlier on 24 February, the company received another demand notice of Rs 18.11 lakh from Joint Commissioner of State Tax (GST), Special Circle (Patna, Bihar). According to media reports, it was suggested to buy RVNL shares on the decline. Investors have been advised to buy RVNL shares on the decline.
Rail Development Corporation Limited shares have fallen 10.50 percent in the last 6 months. In the last one month, the shares of Tata Motors have seen a decline of about 18.32 percent, while in the last one year, Rail Vikas Nigam Limited has increased by 28.55 percent. The 52 -week high level of the company's shares is Rs 647.00. At the same time, the 52 -week low level of the company's shares is Rs 213.00.
Let us know that in the third quarter of the financial year, the net profit of Rail Vikas Nigam Limited was recorded by 13 percent to Rs 311 crore. Whereas during the same quarter of last year, it was Rs 359 crore. The Railway Development Corporation has signed the Project Implementing Agency Agreement with M / s Bharat Sanchar Nigam in collaboration with HFCL Limited and Ariel Telecom Solutions.
