Page 6 - Rail Vikas Nigam

Govt's share sale in RVNL over-subscribed, buyers put in Rs 1,900 cr bids

The government's 5.36 per cent share sale in Rail Vikas Nigam Ltd (RVNL) was oversubscribed on the first day of issue with institutional buyers putting in bids worth about Rs 1,900 crore. In the two-day Offer-for-Sale (OFS), the government is selling 11.17 crore shares, representing 5.36 per cent stake at a floor price of Rs 119 apiece. The offer includes a greenshoe option of an additional 4.08 crore RVNL shares or 1.96 per cent stake. On the first day of share sale, institutional buyers put in bids for 15.64 crore shares, as against the base issue size of 6.38 crore. At an indicative price of Rs 121.17 apiece, the bids are worth close to Rs 1,900 crore. Shares of RVNL closed at Rs 125.25, down 6.77 per cent over the previous close of the BSE. The government currently holds 78.20 per cent stake in RVNL. RVNL was incorporated in January 2003, as a 100 per cent owned public sector unit of the Ministry of Railways with the objective of raising extra-budgetary resources and ...

RVNL dips 7% as government to offload over 5% stake via OFS starting today

Since April, the share price of RNVL has more-than-doubled from a level of Rs 68.60 and to a record high of Rs 146.65 on Monday, July 24.

Stocks to Watch: Tech M, Axis Bank, Dr Reddy's, RVNL, M&M, RBL Bank, AMCs

Stocks to watch on July 27, 2023: The govt is going to sell up to a 3.4 per cent stake in Rail Vikas Nigam with an option to additionally sell 1.96 per cent stake via an OFS

Govt to sell up to 5.36% stake in RVNL via OFS route, expects Rs 1,329.9 cr

The government has decided to divest 5.36 per cent stake in Rail Vikas Nigam Ltd (RVNL) via an offer for sale that is expected to fetch Rs 1,329.90 crore. "Offer for Sale in RVNL opens tomorrow for non-retail investors. Retail investors can bid on Friday. Government will divest 5.36 equity including a Green Shoe option of 1.96 per cent," Department of Investment and Public Asset Management (DIPAM) Secretary Tuhin Kanta Pandey said in a tweet on Wednesday. The proposed Offer for Sale (OFS) comprises a base offer size of up to 70,890,683 equity shares of RVNL, representing 3.40 per cent with an option to additionally sell 40,866,394 equity shares, representing 1.96 per cent of the total issued and paid-up equity share capital, the company said in a regulatory filing. In all, 11.17 crore shares will be offered, which would garner Rs 1,329.90 crore at the floor price fixed at Rs 119 per share. Shares of RVNL closed at Rs 134.35, up 3.87 per cent on the BSE. The offer is being undertak

Centre proposes to sell upto 5.36% from its 78.2% stake in Rail Vikas Nigam

The Indian government will sell a stake of up to 5.36% in state-owned Rail Vikas Nigam this week, in a deal that could fetch 13.3 billion rupees ($162.12 million), an exchange filing showed

PSU shares in demand: SJVN, NHPC, RVNL, RITES hit fresh lifetime highs

At 12:45 pm; the S&P BSE PSU and S&P BSE CPSE index were up 1 per cent each, as against 0.10 per cent decline in the S&P BSE Sensex.

BSE Smallcap index hits record high; experts see more upside

Aurionpro, BDL, Centum Electronics, Cigniti Techno, Data Patterns, Dreamfolks, Fusion Micro, IOX Exchange, KDDL, Mahindra CIE, Safari Ind and Syngene hit their respective all-time highs today

CPSE index nears record high after six years; RVNL zooms 125% since March

In the past one month, CPSE index has outperformed the market by surging 7 per cent, as compared to 3.4 per cent rise in the S&P BSE Sensex.

In Rail Vikas Nigam, India gets its 13th Navratna in nine years

Earlier, RVNL was in the Miniratna category - I and a schedule 'A' CPSE under Ministry of Railways which recorded an annual turnover of Rs 19,381 crores and net profit of Rs 1087 crores

RVNL surges 10% as JV emerges lowest bidder for project worth Rs 2,249 cr

In past one month, the stock has zoomed 73 per cent, as compared to 4 per cent rise in the S&P BSE Sensex.

Rail Vikas Nigam Limited receives the status of Navratna from Centre

With RVNL, India now has 15 Navratnas including names like Hindustan Aeronautics Ltd, Bharat Electronic Ltd and Oil India Ltd

RVNL, TWL, Rites: Railway stocks back on bull's radar, may rise up to 25%

Railway related stocks are poised for next leg of upside, shows techncial charts

Rail Vikas Nigam zooms 20% after 12% equity changes hand on the NSE

Till 02:58 PM; around 251 million equity shares representing 12 per cent of total equity of RVNL had changed hands on the NSE, the exchange data shows.

Stocks to Watch: HCLTech, Cyient, Siemens, RIL, Suven Pharma, Voda Idea

Stocks to Watch today: HCLTech reported better-than-expected results for Q4FY23. The company posted a net profit of Rs 3,983 crore for the quarter, down 2.8% QoQ and up 11% YoY

Siemens, Rail Vikas Nigam consortium bags 2 orders from Gujarat Metro Rail

A consortium of Siemens and Rail Vikas Nigam has bagged two separate orders from Gujarat Metro Rail Corporation. "Siemens Ltd, as part of a consortium along with Rail Vikas Nigam Ltd, received two separate orders from Gujarat Metro Rail Corporation Ltd (GMRCL)," a BSE filing by Siemens stated. "Siemens Limited's share as part of the consortium is Rs 678 crore," it added. The orders are for Surat Metro Phase 1 (over 40 kilometres covering 38 stations and 2 depots) and Ahmedabad Metro Phase 2 (over 28 kilometres covering 23 stations and 1 depot). Siemens will provide project management, and rail electrification technologies, including advanced power supply and distribution systems. In addition, Siemens will also be providing advanced digital solutions, such as Supervisory Control and Data Acquisition (SCADA) solutions for both metros. Gunjan Vakharia, Head of Mobility Business, Siemens Ltd, said, "We would like to thank GMRCL for trusting Siemens in their journey of creating a safe

Rail Vikas Nigam surges 9% after it bags order from NHAI, Indian Railways

The average trading volumes on the counter jumped three-fold as around 32.98 million shares changed hands on the NSE and BSE

Stocks to watch: RIL, Tata Power, Hero MotoCorp, Shakti Pumps, BDL, RVNL

Stocks to watch today: From Reliance Industries to Hero MotoCorp, here are stocks to watch in Friday's trading session

Stocks to Watch: Tata Consumer, NTPC, RVNL, GMR Airports, Havells, SKF

Stocks to Watch: Tata Consumer Products ceased negotiations with Bisleri for a potential acquisition. It said no definitive agreement or binding commitment has been signed on this matter

Rail Vikas up 10% as JV emerges lowest bidder for 200 Vande Bharat trains

A joint venture of Russian firm Transmashholding (TMH) and RVNL emerged as the lowest bidder for the manufacture and maintenance of 200 lightweight Vande Bharat trains.

Stocks to watch: Axis Bank, Zee Ent, SpiceJet, RIL, Bharat Forge, Alkem Lab

Stocks to watch: Zee Entertainment has been barred from the futures and options (F&O) segment of the NSE; Olectra Greentech has developed a hydrogen bus in technical partnership with Reliance Ind