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Shares of Rail Vikas Nigam Ltd (RVNL) surged over 6% to reach a day’s high of Rs 354.25 on the BSE on Wednesday; What investors should know
RVNL Share Price Today
RVNL Shares Rise: Shares of Rail Vikas Nigam Ltd (RVNL) surged 6.21% to reach a day’s high of Rs 354.25 on the BSE on Wednesday, February 19, following the company’s award of a Rs 554.47 crore contract from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) for the Bengaluru Suburban Rail Project (BSRP).
Rail Vikas Nigam Ltd (RVNL) has been awarded a Rs 554.47 crore contract from Rail Infrastructure Development Company (Karnataka) Ltd (K-RIDE) for Package C4A of the Bengaluru Suburban Rail Project (BSRP). The contract involves the construction of nine stations under Corridor-4A of the BSRP. These stations will include one elevated and eight at-grade stations located at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, Carmelaram, Bellandur, Marathahalli, Doddanakundi, and Kaggadasapura.
The scope of work covers civil and structural construction, entry/exit structures, steel foot-over bridges, roof structures, pre-engineered building (PEB) works, architectural finishes, and electrical and mechanical works. The project is set to be completed in 24 months as part of a joint venture, with RVNL holding a 51% stake and Rithwik Projects Private Ltd (RPPL) holding 49%.
RVNL Q3 Earnings Report
RVNL’s net profit for the third quarter ending December 31, 2024, dropped 13.1% year-on-year (YoY), totaling Rs 311.6 crore, compared to Rs 358.6 crore during the same period in FY24. The company reported revenue from operations at Rs 4,567 crore, marking a 2.6% YoY decline from Rs 4,689 crore in Q3 FY24.
On the operating front, RVNL’s EBITDA (earnings before interest, tax, depreciation, and amortisation) declined 3.9% YoY to Rs 239.4 crore in Q3 FY25, down from Rs 249 crore in the same period last year. The EBITDA margin remained almost flat at 5.2%, compared to 5.3% in the previous fiscal.
RVNL Stock Target and Technical Indicators
According to Trendlyne data, RVNL’s average target price is Rs 357, indicating a 1% downside from current market prices. The stock currently holds a ‘Sell’ recommendation from two analysts.
From a technical perspective, RVNL’s Relative Strength Index (RSI) stands at 37.3, which is approaching oversold territory (RSI below 30 indicates oversold conditions). Additionally, the stock’s MACD is at -7.8, below its signal and center line, signaling a strong bearish trend. The stock is trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
About RVNL
RVNL, a public sector enterprise under the Ministry of Railways, Government of India, was established in 2003. The company specializes in planning, developing, and executing railway infrastructure projects across India. Its key areas of operation include the construction of new railway lines, doubling and tripling of tracks, electrification of existing lines, and the modernization of railway stations. RVNL plays a pivotal role in the expansion and modernization of India’s railway network, contributing significantly to the country’s transportation infrastructure development.
