Railway Vikas Nigam Limited or RVNL Share Price is in the news as the share has shown positive sign since the market opening. Today, the share price has already gained more than 1%. Should you buy, hold or sell? Check recent news, target price and recommendations.
RVNL Share Price in The Market Today
As of today, RVNL Share price is at Rs 403.60. That is 1.41% up since the market opening, and touched a high of Rs 404.90. The current UC limit is at Rs 437.80 and the LC limit is at Rs 358.20. The total market capitalization of the company stands around Rs 84,088 crores.
Company Financials
The Q4 results of the company have already been published, and it doesn’t look satisfying. Total income has decreased by 4.28% to Rs 6426.88 crores. Operating profits fell by 6.23% to Rs 423.78 crores, and operating margins have dropped to 6.59%. Even the profit after tax is down by 4.06% to Rs 459.15 crores.
Recent News About RVNL
- RVNL is diversifying its portfolio into international projects and small nuclear projects. This decision has come after a 25% reduction in Ministry funding and delayed key projects (Rs 2000 Cr port project in Maldives).
- The company has secured a Rs 156.35 Crores worth of order from South Western Railway. Also, Rs 729.82 crores worth order has been secured from the HPSEBL project HPSEBL for distribution of infrastructure developments in Himachal Pradesh.
RVNL Share Price Target
RVNL Share Price has multiple targets from institutions and analysts. According to TradingView, shares could touch Rs 216 in a 1 year time frame. While Wallet Investor suggests Rs 477.53 in a year. However, Consensus analyst has suggested Rs 339.50 by the end of this year, which is already lower than the current market price.
Recommendation on Buy or Sell
According to the moneycontrol website, 50% of the analysts suggest holding RVNL Shares. The remaining 50% suggest selling. On the other hand, Consensus analyst suggests selling out these stocks.
Disclaimer: All the information shared in this article is for informational purposes only. Any recommendations mentioned are made by individual analysts or experts. India Hood does not recommend Buy or Sell, nor will she be responsible. Investors are strongly advised to consult with certified experts before making any investment decisions.
