This share of Railways made you bankrupt in 6 months, reduced your money by half.

Shares of Rail Vikas Nigam Ltd continued to fall for the fifth consecutive session on Friday. The stock closed 4.99 percent lower at Rs 332.95. At this price, it has lost 14.41 percent in the last five trading days and 44.61 percent in six months. Today, the state-owned rail company informed the exchanges that it has received three demand notices of Rs 1.49 crore, Rs 81.55 lakh, and Rs 25.72 lakh from the Deputy Commissioner (Ranchi South Division, Jharkhand), Commissioner of Central GST and Central Excise (Shimla, Himachal Pradesh) and Assistant Commissioner (Delhi), respectively.

Fourth demand notice

This was the fourth demand notice against RVNL this week. Earlier on February 24, the company received another demand notice of Rs 18.11 lakh from the Joint Commissioner of State Tax (GST), Special Circle (Patna, Bihar). According to media reports, it is suggested to buy RVNL shares on dips. Investors are advised to buy RVNL shares on dips.

Rail Vikas Nigam Limited Shares

The shares of Rail Vikas Nigam Limited have fallen by 10.50 percent in the last 6 months. In the last month, the shares of Tata Motors have seen a decline of about 18.32 percent. On the other hand, the shares of Rail Vikas Nigam Limited have increased by 28.55 percent in the last year. The 52-week high level of the company's shares is Rs 647.00. On the other hand, the 52-week low level of the company's shares is Rs 213.00.

Net profit fell 13 percent

Let us tell you that in the third quarter of the financial year, the net profit of Rail Vikas Nigam Limited was recorded at Rs 311 crore with a decline of 13 percent. Whereas during the same quarter last year it was Rs 359 crore. Rail Vikas Nigam, along with HFCL Limited and Aerial Telecom Solutions, has signed a Project Implementation Agency Agreement with M/s Bharat Sanchar Nigam.