RVNL, a railway PSU, reached an all-time high of Rs 399.9 on the NSE after securing the lowest bid for construction of six elevated metro stations in Nagpur. The company's revenue for this quarter rose by 17.4%, with an increase in EBITDA and profit after tax. RVNL's shares have given a multibagger return of over 1,350% in five years and have gained over 250% in the past year. Business updates, stock market news, and personal finance coverage can be found on Zeebiz.com.
RVNL Stock Soars to New Heights: A Deep Dive into Railway PSU
Background:
Rail Vikas Nigam Limited (RVNL) is a public sector undertaking under the Ministry of Railways, responsible for the construction, development, and financing of rail infrastructure projects in India. With a vast portfolio spanning over 500 projects, RVNL plays a pivotal role in enhancing the nation's railway network.
Recent Surge in Stock Price:
On July 21, 2023, RVNL's share price hit an all-time high of Rs 399.9 on the National Stock Exchange (NSE). This surge was primarily attributed to the company securing the lowest bid for the construction of six elevated metro stations in Nagpur.
Financial Performance:
RVNL's financial performance has been impressive in recent quarters. The company's revenue for the quarter ending March 31, 2023, increased by 17.4% year-over-year. This growth was driven by an increase in both EBITDA and profit after tax.
Multibagger Return:
Over the past five years, RVNL's shares have provided investors with a multibagger return of over 1,350%. The stock has also gained over 250% in the last year, making it one of the top performers in the Indian stock market.
Top 5 FAQs:
1. What factors have contributed to RVNL's recent share price surge? A: The award of the Nagpur metro project contract, combined with strong financial performance, has boosted investor sentiment in RVNL's stock.
2. Is RVNL a good investment for the long term? A: Analysts believe that RVNL's strong underlying fundamentals, coupled with the government's focus on railway infrastructure development, make it an attractive investment for the long term.
3. What are the risks associated with investing in RVNL? A: Potential headwinds include project delays, regulatory changes, and competition from private sector companies.
4. How has RVNL performed historically? A: RVNL has consistently reported strong financial results, with revenue and profits growing at a healthy pace over the years.
5. What are some of the notable projects undertaken by RVNL? A: RVNL has played a key role in various major infrastructure projects, including the Dedicated Freight Corridor project, the Mumbai-Ahmedabad High-Speed Rail Corridor, and the Eastern Dedicated Freight Corridor project.
TCS, the Mumbai-based IT giant, has released its Q3 results for FY 2025, showcasing impressive numbers and highlighting the company's commitment to employee development and recruitment. With over 1,10,000 promotions and a diverse workforce of 152 nationalities, TCS continues to invest in upskilling and well-being of its employees. Despite cross-currency volatility, TCS's financial discipline and strategic investments have led to positive margins and free cash flows, ensuring long-term business growth.
Mahindra, one of the leading players in the EV market, has added another feather to its cap with the launch of the XEV 9e at an affordable price of Rs 21.9 Lakh Ex-Showroom. With a range of 542 km on a single charge and a powerful engine delivering 228 bhp and 380 Nm of torque, the XEV 9e is a well-balanced and premium offering that is sure to impress both EV enthusiasts and regular car buyers alike. To get a taste of the driving experience, check out the video below.
The electric SUV market in India is growing with the launch of new models from Tata, Mahindra, and Hyundai. This article provides a comparison of the variants and prices of the Mahindra BE6, XEV 9e, and Tata Curvv, to help customers make an informed decision in their budget. Test drives of the vehicles will be available in a staggered manner, starting with metropolitan cities and expanding to other cities in phases.
After creating a buzz on social media, Mahindra has now announced the prices for their top models BE 6 and XEV 9e. Priced at Rs 18.9 and Rs 26.9 lakh respectively, both models can be pre-booked from February 14, 2025. Interested customers can also test drive them starting from January 14 in select cities. The BE 6 offers an impressive range and fast charging capabilities, making it a promising offering from Mahindra.
The University Grants Commission is seeking suggestions and comments from stakeholders on its proposed draft regulations for the appointment and promotion of teachers and academic staff in universities and colleges. The regulations aim to update and harmonize guidelines for academic positions across all higher education institutions in India, and will introduce new methodologies for recruitment and promotion processes. Stakeholders are urged to review the draft and contribute to the shaping of the future of academic staffing in the country.
The Indian Health Ministry is taking action as the number of HMPV cases rises to five, with two patients in Tamil Nadu and none so far in Maharashtra. The 2019 outbreak began with two infants in Bengaluru but only one remains hospitalized. The respiratory illness has flu-like symptoms such as common cold, sore throat, and fever and the ministry has directed state health officials to monitor any SARI or ILI cases. Haryana's health minister has issued an advisory for civil surgeons in regards to respiratory diseases including HMPV.
The stock market saw a sharp decline on Tuesday, with the S&P 500 and Nasdaq Composite falling 0.9% and 1.6%, respectively. This was fueled by a rise in the yield of 10-year Treasurys, indicating concerns about the future of interest rates. The release of strong economic data, including better-than-expected job openings in November, also raised questions about the Fed's decision-making on rates. The tech sector was hit hard, with AI chipmaker Nvidia's stock dropping 5% after hitting an all-time high earlier in the day.
In an interesting turn of events, users of X (formerly Twitter) discovered a "X Score" feature that was touted to provide an insight into their social credit standing on the platform. However, most users were shocked when the AI assistant gave them a paltry 38 out of 100. This led to speculations of a possible algorithm tweak by X's owner Elon Musk, but later it was revealed that this was not an official feature and no changes had been made to the algorithm. So, if you're wondering why your views are going down, Musk has a simple answer for you.
Nazibur Rahman, former principal secretary to the Prime Minister's Office and National Board of Revenue chairman, has been sent to jail after his three-day remand in connection with the 2022 killing of a BNP activist. Police have implicated Rahman in the case after arresting him in October 2025. The incident began when BNP leaders and activists gathered in the capital as part of their party program. On December 7, 2022, police and AL men entered the BNP office and opened fire, injuring the activist. A case has been filed against 256 people, including Prime Minister Sheikh Hasina, for their involvement in the incident.
In a major shift, Facebook, Instagram, and Threads will no longer use fact-checkers to moderate content, instead relying on community notes similar to X. The move is intended to promote free speech and reduce mistakes in content moderation. Additionally, the company will be moving its trust and safety teams responsible for content policies and moderation from California to Texas and scrapping restrictions on topics like immigration and gender identity. However, there is a trade-off as the company admits it will catch less bad content but also reduce the number of innocent posts and accounts that are accidentally removed.