Rvnl stock price: The stock of government company Rail Vikas Nigam Limited (RVNL) rose up to 13.6 percent a day on February 19. The price on BSE went up to a high of Rs 378.50. A day earlier, RVNL told the stock markets that it had received 1 elevated and 8 et -Grade BSRP stations from the Rail Infrastructure Development Company (Karnataka) for construction of 1 ET -Grade BSRP stations. The cost of the project is Rs 554,46,65,625 or Rs 554.46 crore.
These stations are BSRP (Bengaluru Suburban Rail Project) stations in Helige, Singena Agrahara, Huskar, Ambedkar Nagar, Carmelram, Bellandur, Marathhali, Dodankundi, Kagdaspura. The contract includes all Associated Work for BSRP including Civil, Structural, Entry/Exit Structure, Steel, Steel, Steel Fob, Roof Struct, PEB Work, Architectural Finnish, E & M work and detailed design and engineering (DOC).
Share climbed 40 percent in a year
After the latest Bing, the market cap of RVNL has increased to Rs 77200 crore. The stock has climbed 39 percent in just one year. At the same time, about 9 percent has come down in only 2 weeks. The share price has increased by 440 percent in 2 years. By the end of December 2024, the government had a 72.84 percent stake in the company. Rail Vikas Nigam Limited shares have a 52 -week high level of Rs 647 on BSE, which was created on 15 July 2024. The 52 -week low of Rs 213 was seen on 14 March 2024.
RVNL’s profit in Q3 decreased by 13 percent
RVNL’s consolidated basis fell by 13.1% on an annual basis in October-December 2024 quarter and fell to Rs 311.6 crore. A year ago, the company made a net profit of Rs 358.6 crore. Consolidated revenue fell by 2.6% to Rs 4,567.4 crore from the operations a year ago, which was Rs 4,689.3 crore in the December 2023 quarter.
According to information given to the stock markets, RVNL’s Ebitda decreased by 3.9% to Rs 239.4 crore in the December 2024 quarter. It was Rs 249 crore a year ago. The Ebitda margin was 5.2%, which was 5.3% in the December 2023 quarter.