Railway-related stocks such as IRCTC, RVNL, Texmaco, RailTel and Container Corp are testing support on the long-term charts; as long as these supports are respected a pullback rally seems possible.
Technically, a Death Cross pattern implies bearish implications; Chart shows that RVNL, TVS Motor and HFCL could slide up to 25 per cent from present levels.
The Visakhapatnam Port Authority signed a Rs 300 crore agreement with Rail Vikas Nigam Ltd (RVNL) on Thursday to construct a flyover aimed at reducing congestion and enabling seamless cargo movement via road and rail traffic towards the port. Designed to improve traffic management and cargo evacuation, the project will cover the areas surrounding the port and critical parts of the city leading to it. "The agreement pertains to the construction of a flyover bridge connecting Seahorse Junction to the dock area at Vizag Port. The estimated cost of the project is approximately Rs 300 crore. The flyover will eliminate 11 level crossings that currently obstruct traffic flow, ensuring smooth cargo movement," stated an official press release from VPA. Spanning 3.3 km in length, the flyover will feature a carriageway width of seven meters for two lanes and 10.5 meters for three lanes, facilitating efficient entry and exit for port-bound traffic.
Stocks to Watch on Dec 31, 2024: From ITC to Adani Enterprises, here are few stocks that will remain in focus today
Key projects, including the PLI scheme for train parts, Gati Shakti inclusion, redevelopment of railway stations, and the multitracking project, are opening unparalleled possibilities for the sector
"It is hereby informed that Rail Vikas Nigam Limited has received a Letter of Acceptance from East Central Railway," the filing read
As per the deal, RVNL will carry out earthwork in cutting and filling, blanketing, construction of minor bridges, major bridges, RUB, ROB, etc work between Kalipahari to Pradhankhuta
The upward move in the RVNL stock price follows the company's announcement of receiving a 'Letter of Acceptance' from South Central Railway
RVNL share price rose after the company announced that it has emerged as the lowest bidder for a project of Rs 294.9 crore from South Central Railway
The fall in RVNL share price came after the company announced a weak set of September quarter of financial year 2025 (Q2FY25) results on Thursday post-market hours.
The RVNL share price rose after the company announced that it has secured a letter of acceptance (LoA) for an order worth over Rs 180 crore from East Central Railway
RVNL stocks gained momentum following the company's announcement that it had emerged as the lowest bidder in two projects worth arpound Rs 5,608 crore (Rs 5,008 crore and Rs 613 crore respectively)
Nuvama Alternative & Quantitative Research in its early predictions on AMFI semi-annual categorization expects RVNL, Polycab India and 5 other stocks to be upgraded to large-caps.
RVNL share price rose after the company announced that it has secured a letter of acceptance (LoA) for an order worth approximately Rs 284 crore from East Coast Railway.
The rally in these stocks is attributed to the Union Cabinet's approval of a multi-tracking project for the Ministry of Railways in Uttar Pradesh, estimated to cost RS 2,642 crore
RVNL share price rose after the company announced that it has emerged as the lowest bidder (L-!) for a project worth Rs 270.78 crore.
Tech charts show that RVNL, IRCTC, IRFC, RailTel and Texmaco Rail were trading below long-term moving averages on the daily scale; however, select stocks were seen seeking support on the weekly scale.
The uptick in BCPL Railway Infrastructure shares came after the company announced that it has received an order worth Rs 71 crore.
Rail Vikas Nigam Ltd will complete the project in an 18-month period
The rise in Patel Engineering share price came after the company said that it has signed a Memorandum of Understanding (MoU) with Rail Vikas Nigam Limited (RVNL), a state-owned railway company.