Rail Vikas Nigam Ltd Share Price – NSE /  BSE

Infrastructure Developers & Operators, Mid Cap

The key equity indices continued to extend losses in the morning trade. The Nifty slipped below the 24,450 mark. Financial services shares extended losses for the second consecutive trading session.

At 10:29 IST, the barometer index, the S&P BSE Sensex, dropped 763.27 points or 0.93% to 80,971.27. The Nifty 50 index slipped 229.75 points or 0.93% to 24,438.50.

The broader market outperformed the frontline indices. The S&P BSE Mid-Cap index shed 0.08% and the S&P BSE Small-Cap index fell 0.12%.

The market breadth was negative. On the BSE, 1,690 shares rose and 1,980 shares fell. A total of 153 shares were unchanged.

Economy

India’s total exports (Merchandise and Services combined) for November 2024 are estimated at USD 67.79 Billion, registering a positive growth of 9.59 percent vis-à-vis November 2023. Total imports (Merchandise and Services combined) for November 2024 are estimated at USD 87.63 Billion, registering a positive growth of 27.47 percent vis-à-vis November 2023.

Buzzing Index:

The Nifty Financial Services index slipped 0.72% to 24,679. The index shed 0.80% in two consecutive trading sessions.

Shriram Finance (down 3.13%), Cholamandalam Investment & Finance Company (down 2.31%), Bajaj Finserv (down 1.88%), LIC Housing Finance (down 1.48%), HDFC Asset Management Company (down 1.45%), ICICI Lombard General Insurance Company (down 1.14%), SBI Cards & Payment Services (down 0.97%), Kotak Mahindra Bank (down 0.97%), HDFC Bank (down 0.92%) and Muthoot Finance (down 0.89%) declined.

On the other hand, REC (up 0.72%), Power Finance Corporation (up 0.64%) and Multi Commodity Exchange of India (up 0.11%) edged higher.

Stocks in Spotlight:

Rail Vikas Nigam (RNVL) added 0.52%. The company announced that it has received letter of acceptance (LoA) worth Rs 270.78 crore from Maharashtra Metro Rail Corporation for the construction of ten elevated metro stations.

Texmaco Rail and Engineering rose 1.68% after the company has received an order from Chhattisgarh State Power Transmission, Government of Chhattisgarh for construction of transmission lines on turnkey basis valuing Rs 187.41 crore approximately.

Mankind Pharma gained 0.49%. The company informed that its board has approved the opening of issue of qualified institutional placement (QIP) of equity shares with the floor price of Rs 2,616.55 per equity share.

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The project involves the building of seven elevated metro stations in reach 3A: Hingna Mount View, Rajiv Nagar, Wanadongri, APMC, Raipur, Hingna Bus Station, and Hingna. The scope also includes three elevated metro stations in reach 4A, namely Pardi, Kapsi Khurd and Transport Nagar.

The size of the contract is Rs 270.78 crore and it is to be executed in 30 months. The said order is part of the second phase of the Nagpur Metro Rail Project (NMRP).

Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.

Rail Vikas Nigam (RVNL) reported a 27.26% decline in consolidated net profit to Rs 286.89 crore on a 1.20% slide in revenue from operations to Rs 4,854.95 crore in Q2 FY25 over Q2 FY24.

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Rail Vikas Nigam has received Letter of Acceptance from Southern Railway for “Provision of MSDAC with existing DCTC at Stations (To serve as Dual detection) and replacing balance AFTCs in MAS- GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway.” The value of the project is Rs 110.86 crore.

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The order entails provision of MSDAC with existing DCTC at stations (to serve as dual detection) and replacing balance AFTCs in MAS- GDR & MSB-TBM automatic block signalling sections of Chennai Division in Southern Railway.

The size of the contract is Rs 110.86 crore and it is to be executed in 18 months.

Rail Vikas Nigam is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings, etc.

Rail Vikas Nigam (RVNL) reported a 27.26% decline in consolidated net profit to Rs 286.89 crore on a 1.20% slide in revenue from operations to Rs 4,854.95 crore in Q2 FY25 over Q2 FY24.

The scrip rose 0.09% to close at Rs 473.75 on the BSE.

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