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HomeSHARE MARKET₹260 Railway Share Will Double? Why Did This Share Rise So Much,...

₹260 Railway Share Will Double? Why Did This Share Rise So Much, Jumped 7% Intraday

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Rail Vikas Nigam Ltd (RVNL) (NSE: RVNL): Shares of Rail Vikas Nigam Ltd witnessed a huge rise on Tuesday and they jumped up to 7 percent at the intraday level.

RVNL shares hit a high of Rs 267.85 in Tuesday’s trading session. However, the closing was slightly lower at the level of Rs 260.25.

Shares of Rail Vikas Nigam (RVNL) rose nearly 7% to hit an intraday high of Rs 267.85 on Tuesday after signing an MoU with the Airports Authority of India (AAI).

“RVNL has signed MoU with Airport Authority of India (AAI) for construction of subway/underpass to connect the operational area of Airport Authority of India Residential Colony in Kolkata,” the company said in an exchange filing.

It said that the estimated cost of this project is Rs 229.43 crore. The stock has also increased by more than 45% so far, while in the last year, it has increased by more than 310%. Earlier in March, RVNL had received four orders worth Rs 2,092 crore.

The company was awarded the contract for the supply of installation, testing, and commissioning of 11KV line-related projects like 11KV line bifurcation line interconnection, 11KV line conductor augmentation LT AB cabling enhancement along with the conversion of LT conductors that are bare into AB cabling.

Improvement-Based and Result-Linked delivery areas (Package-11) located in Jabalpur (City), Jabalpur (O&M), Katni, Mandla, Dindori, Seoni, Chhindwara, Narsinghpur, Balaghat, Shahdol, Anuppur and Umaria circles of MPPKVVCL.

In addition, the company was awarded a Letter of Award (LOA) from the Himachal Pradesh State Electricity Board to develop an infrastructure for distribution in northern regions of the state in the Revised Reform-Based and Result-Linked Sector Program (Loss Reduction Actions).

It is expected that the total project cost will be to be approximately Rs 409.65 crore. It is expected to be completed in just 24 months. Apart from this, the company has also received an order worth Rs 888.56 crore for the southern region of Himachal Pradesh.

The RVNL “Schedule ‘A’ Navratna” CPSE within the Ministry of Railways, contributes about 30 percent of the infrastructure requirements for Indian Railways.

Apart from its focus on railroad projects, RVNL has also ventured into port, road irrigation, and metro projects that are usually connected to railway infrastructure.

About Rail Vikas Nigam Ltd Company 

The company was incorporated on 24.01.2003 and became fully operational after the appointment of all Directors of the Board in March 2005.

RVNL implements projects by awarding contracts on a turnkey basis to international norms and practices. 

Additionally, 5 Workshop Projects and one cable bridge with a stayed structure have been completed.

The projects are currently being implemented by 36 PIUs scattered across the nation. 

RVNL is also an Equity Part of an SPV that includes 12 major Ports under the Ministry of Shipping.

RVNL has managed to attract an investment of 6,139 crores. The RVNL/HSRC was tasked to conduct feasibility studies of HSR corridors that run between Mumbai and Chennai, Delhi Amritsar, Delhi Kolkata, and Delhi-Mumbai.

Fundamental Analysis of Rail Vikas Nigam Ltd 

Market Cap₹ 54,304 Cr.
Current Price₹ 260
52-wk High₹ 346
52-wk Low64.6
Stock P/E37.3
Book Value₹ 37.9
Dividend0.82 %
ROCE17.8 %
ROE20.8 %
Face Value₹ 10.0
P/B Value6.87
OPM6.08 %
EPS₹ 6.98
Debt₹ 5,981 Cr.
Debt to Equity0.76

Rail Vikas Nigam Ltd (RVNL) Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 254₹ 310
2025₹ 380₹ 422
2026₹ 480₹ 525
2027₹ 600₹ 634
2028₹ 750₹ 800
2029₹ 860₹ 980
2030₹ 1050₹ 1200
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Rail Vikas Nigam Ltd Shareholding Pattern

Promoters Holding
Dec 202272.84%
Mar 202372.84%
June 202372.84%
Sept 202372.84%
Dec 202372.84%
FII Holding
Dec 20222.45%
Mar 20231.53%
June 20231.75%
Sept 20232.32%
Dec 20232.59%
DII Holding
Dec 20226.45%
Mar 20236.51%
June 20235.75%
Sept 20235.83%
Dec 20236.08%
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Public Holding
Dec 202212.92%
Mar 202313.76%
June 202314.30%
Sept 202319.01%
Dec 202318.50%

Rail Vikas Nigam Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 10,069 Cr
2020₹ 14,531 Cr
2021₹ 15,404 Cr
2022₹ 19,382 Cr
2023₹ 20,895 Cr

Last 5 Years’ Net Profit:

2019₹ 688 Cr
2020₹ 757 Cr
2021₹ 992 Cr
2022₹ 1,110 Cr
2023₹ 1,455 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.69
20200.83
20211.02
20221.03
20230.87

Last 10 Years’ Profit Growth:

10 Years:
5 Years:20%
3 Years:23%
Current Year:1%

Last 10 years’ Return on Equity (ROE):

10 Years:
5 Years:18%
3 Years:19%
Last Year:21%

Sales Growth Over 10 Years:

10 Years:
5 Years:22%
3 Years:12%
Current Year:-1%

Conclusion

This article is a complete guide about Rail Vikas Nigam Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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