The venture includes the survey, design, provide, set up, testing, and commissioning of Kavach gear and different related works throughout 790 route kilometers (RKM) within the Hubballi and Mysuru divisions.
“Rail Vikas Nigam Restricted has emerged because the Lowest Bidder (L1) from South Western Railway for the survey, design, provide, set up, testing, and commissioning of Kavach gear and different related works throughout 790 RKM within the Hubballi and Mysuru Divisions,” the corporate stated in an trade submitting.
Additionally Learn: Shares in information: Nykaa, Vodafone Concept, Apollo Hospitals, Hindalco, Lupin
RVNL Q2 FY25 earnings
In Q2 FY25, RVNL reported a 27% year-on-year (YoY) drop in web revenue to Rs 286.9 crore, down from Rs 394.3 crore in the identical interval final yr, impacted by decrease working margins and diminished earnings.The corporate’s income from operations decreased by 1.2% YoY to Rs 4,855 crore, in comparison with Rs 4,914.3 crore in Q2 FY24. EBITDA fell by 9% to Rs 271.5 crore, with margins shrinking to five.6% from 6% within the earlier yr, reflecting elevated operational pressures.
RVNL shares goal value
In accordance with Trendlyne information, the common goal value for the inventory is Rs 357, indicating a possible draw back of 6% from the present market value. The consensus suggestion from two analysts for the inventory is a “Promote.”Additionally Learn: Shares to purchase: Patanjali Meals, Nykaa and Delhivery on buyers’ radar
RVNL shares efficiency
On Monday, RVNL shares closed at Rs 381.3, down 3.55% on the BSE, whereas the benchmark Sensex declined by 0.7%. The inventory has fallen 26% over the previous six months however has gained 432% within the final two years. The corporate’s market capitalization stands at Rs 79,501 crore.
(Disclaimer: Suggestions, solutions, views, and opinions given by the specialists are their very own. These don’t symbolize the views of the Financial Occasions)