RVNL shares snap-3 day gain; drop 7% as Q2 misses estimates
The railway PSU posted a 27.24% YoY drop in its net profit at ₹286.88 crore in Q2 FY25; revenue from operations dropped 1.21% to ₹4,854.95 crore.
The railway PSU posted a 27.24% YoY drop in its net profit at ₹286.88 crore in Q2 FY25; revenue from operations dropped 1.21% to ₹4,854.95 crore.
India’s weightage in the MSCI EM Index has surged from around 8% in 2020 to record 20% today, and is expected to touch 22% by year-end, says Nuvama.
RVNL, which comes under the Ministry of Railways, has bagged an order worth ₹191.53 crore from South Eastern Railway.
Railway stocks were mostly trading higher ahead of Budget, barring Texmaco Rail, while Railtel topped the chart with a 3% gain.
RVNL received LOA from Maharashtra Metro Rail Corporation for the construction of six elevated metro stations
The mcap of the PSU railway stock crossed ₹1 lakh crore mark for the first time today after the shares surged 18% intraday
All railway-related stocks were trading higher today after Ashwini Vaishnaw retained the railway ministry in Modi 3.0, raising hopes for continuity in policies.
The share price of RVNL rose 8% to hit a fresh record high of ₹399.70 today after it bagged a new order worth ₹187 crore from Maharashtra Metro Rail Corp.
In two years and three years, the counter has surged 963% and 1,028%, respectively.
The PSU has received multiple orders from Himachal Pradesh State Electricity Board and Madhya Pradesh Metro Rail Corporation.