Railway Vikas Nigam Limited or RVNL Share Price is in the news. The stock spiked by nearly 1.5% yesterday. Should you buy, hold, or sell? Let’s check the company’s financials, recent news, and target price suggestions and recommendations.
RVNL Share Price in The Market Today
As of today, RVNL Share Price is at Rs 344.40. Yesterday, shares opened at Rs 339.05 and touched a high of Rs 345.75. The current UC limit is at Rs 373.35, and the LC limit is at Rs 305.50. The total market capitalization of the company stands around Rs 71808 crores.
Company Financials
Railway Vikas Nigam Limited has already shared its first-quarter financial results. It shows a negative impact in all areas. Total income was down by 4.05% to Rs 3908.77 crores. Operating Profits are 74.79% down to Rs 44.02 crores, and profit after tax has declined by 39.92% to Rs 134.53 crores. Even operating margins fell by 73.73%. Keep in mind that all these figures mentioned are calculated on a YoY basis.
Recent News About RVNL
- RVNL won a Rs 335.4 crore contract from South Western Railway to install the Kavach automatic train protection system across 790 route kilometers in the Hubballi and Mysuru divisions. It also secured another traction substation contract worth Rs 169.48 crore from West Central Railway for the Bina to RTA section in the Bhopal Division.
- The company has a current order book of over Rs 1010 billion, which is supported by the government’s focus on railway infrastructure expansions and new projects. This highlights the strength in this segment.
RVNL Share Target Price
As RVNL is one of the most popular stocks on the market, it has several target price suggestions available. S&P Global and FIGW suggested a target price of Rs 423.40 by the end of 2025. However, Consensus analysts suggest Rs 272 as the target price, which is already downgraded by 21.02.
Recommendation on Buy or Sell
According to the moneycontrol website, 50% of the analysts suggest holding RVNL Shares. The remaining suggest selling. On the other hand, Consensus analysts also 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.
