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RVNL share price advanced 2.3 per cent on Tuesday, registering an intraday high at ₹391.4 per share after the company received a letter of acceptance (LoA) from Delhi Metro Rail Corporation
Rail Vikas Nigam Limited (RVNL) shares rose after it emerged as the lowest bidder (L1) for a project awarded by South Central Railway
NSE F&O data shows that RVNL, Vodafone Idea and Uno Minda are witnessing long build-up of positions; while Aditya Birla Fashion is seeing short build-up.
RVNL share price dropped after the company reported a consolidated net profit of ₹459.15 crore in the March quarter of financial year 2025 (Q4FY25), falling nearly 4% from ₹478.56 crore in Q4FY24
RVNL's board of directors recommended the final dividend of ₹1.72 per equity share, subject to the approval by members of the company
RVNL share price gained after the company announced that it has emerged as the lowest bidder (L1) for a project worth ₹178.64 crore from IRCON International.
Technical outlook on railway-related stocks: Charts show that IRCTC, RailTel, Ircon, RVNL and RITES are testing 200-DMAs; a breakout can trigger fresh rally at these counters. Check key levels here
The surge was led by names like Titagarh Rail, RVNL, IRFC, and BEML. Titagarh Rail Systems emerged as the top gainer, jumping 10.72 per cent to close at ₹895.85, followed by RVNL, which climbed 10.45
The cost of the project is ₹143,37,87,127.90, while the order is expected to be executed in 24 months, or 2 years, RVNL said in an official statement.
Under the contract, RVNL will carry out OHE modification work for the upgradation of the existing 1x25 KV electric traction system to 2x25 KV at the feeding system in the Itarsi-Amla section
Under the collaboration, RVNL will construct 2X25 KV OHE and PSI system including electrical general services, engineering and telecommunication works between Rayadurga and Topavagada
Under the contract, RVNL will develop and distribute infrastructure at central zone of Himachal Pradesh. The order is worth over Rs 729 crore and has to be completed within two years
Biocon: The company's subsidiary, Biocon Pharma, has received USFDA approvals for Lenalidomide capsules and Dasatinib tablets, and tentative approval for Rivaroxaban tablets
The Nifty SmallCap index surged 2.70 per cent, or 410.7 points, to hit an intraday high of 15,579.15. Similarly, the Nifty MidCap index increased 1.72 per cent to an intraday high of 50,609.25
Under the contract, RVNL will construct nine stations i.e. Elevated (1 No.) and At-Grade (8 Nos.) BSRP Stations of Corridor-4A at Heelalige, Singena Agrahara, Huskur, Ambedkar Nagar, and others
RVNL posted a 13 per cent decline in consolidated net profit to Rs 311.58 crore as compared to a profit of Rs 358.57 crore a year ago