Shares of Rail Vikas Nigam Ltd. rose after the company received a Letter of Acceptance for an infrastructure project worth Rs 729.8 crore. The big order win is from the Himachal Pradesh State Electricity Board Ltd.
The contract involves developing distribution infrastructure in the central zone of Himachal Pradesh, as part of the "revamped reforms-based and results-linked, distribution sector scheme". The project is expected to be completed within a timeframe of 24 months, according to an exchange filing on Tuesday.
-
Indian Markets Turning Corner After Two Tough Years, Says Sandeep Tandon -
NDTV Profit Ignite 2026: Experts See Opportunity In Equities, Stay Bullish For Long-Term -
Buy Right, Sit Tight Does Not Work for Individual Stocks, Says Dinshaw Irani -
'Worst Is Behind': Quant MF Sees Market Bottom, Flags 'Extreme Euphoria' In Midcaps -
India's Mutual Fund Industry Could Become A $1 Trillion Opportunity, Say Fund Managers -
'Foreign Investors Are Baraatis': Raamdeo Agrawal's Take On LTCG Tax -
Stay Invested Through Market Cycles: Raamdeo Agrawal at NDTV Profit Ignite -
Ramesh Damani Remains Bullish On India For Next 20-30 Years, Sees Bargains Amid Market Weakness -
CAS Came After A Long Consultation Process: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFIT IGNITE -
Aim To Cut FPI Onboarding Time From Mth To Five Days: SEBI Chairman Tuhin Kanta Pandey AT NDTV PROFI
Earlier in February, the company bagged a Letter of Acceptance from East Coast Railway for a Rs 404.4-crore road-doubling project. The project involves "earth work in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations".
RVNL Share Price
RVNL stock rose as much as 4.12% during early trade to Rs 339.60 apiece on the NSE. It was trading 1.82% higher at Rs 332.1 apiece, compared to a 0.36% advance in the benchmark Nifty 50 as of 9:26 a.m.
It has risen 36.19% in the last 12 months. The relative strength index was at 35.12.
One out of three analysts tracking the company has a 'buy' rating on the stock, and two suggest a 'sell', according to Bloomberg data. The 12-month analysts' consensus target price on the stock is Rs 270, implying a downside of 17.2%.
Essential Business Intelligence, Sharp Market Insights, Practical Personal Finance Advice, Daily Fuel, Gold and Silver Prices and Latest Stories — On NDTV Profit.