Railway Vikas Nigam Limited or RVNL Share Price is in the news. The company has released Q1 results, which shows a 4% drop in total income. Shoul you buy, hold or sell? Let’s check company financials, recent news, target price and recommendations.
RVNL Share Price in The Market Today
As of today, RVNL Share Price is at Rs 326.20. That is 0.75% already down. The current UC limit is at Rs 361.50 and the LC limit is at Rs 295.80. The total market capitalization of the company stands around Rs 67,877 crores.
Company Financials
Railway Vikas Nigam Limited has already released its Q1 financial results already. It shows a 4.05% decline in total income to Rs 3908.77 crores. Not only this, but operating profits are down by 74.79% to Rs 44.02 crores only. Profit after tax has also fallen by 39.92% to Rs 134.53%, and operating margins have plunged by 73.73%. Operating expences for the quarter was Rs 3864.75 crores and other operating expenses were Rs 110.24 crores.
Recent News About RVNL
- RVNL has won a Rs 91 crores order from Southern Railway for Video surveilance system installations of 484 stations in upcoming 18 months. Also, it has won the IRCON contract, which helped shares jump 2% in price.
- The company has received a Letter of Award from Delhi Metro Rail Corporation for Rs 213.22 Crores and another from South Central Railway for Rs 143.3 Crores. RVNL was set to pay a final dividend of Rs 1.72 per share on 21st August.
RVNL Share Target Price
As on one of the popular stock in the market, but at this time RVNL Shares don’t have much target price suggestions. Major organisations like Motilal Oswal, S&P Global has included this share in their top list but didnot disclose any target price. However, Consensus analysts have suggested Rs 272 target price is which is 17.24% downgrade from current prices.
Recommendation on Buy or Sell
According to the moneycontrol website, 50% of the analyst suggest holding RVNL Shares. The remaining 50% suggest selling out these shares. On the other hand, Consensus analyst suggest selling these shares.
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.
