RVNL share price

 Rail Vikas Nigam Limited (RVNL) has been making headlines recently due to significant movements in its share price and notable financial results. 



In May 2024, RVNL's share price experienced a substantial boost, primarily due to the company securing several major orders. One such order from the South Eastern Railway, worth over ₹148 crore, propelled the stock to a 15% surge, reaching a 52-week high of ₹345.70【6†source】. Additionally, RVNL bagged another order worth ₹239 crore from Southern Railway, further contributing to its stock performance【5†source】.



For the fourth quarter ending March 2024, RVNL reported a 33.2% increase in net profit, amounting to ₹478.6 crore, with revenues rising by 17.4% to ₹6,714 crore. The company's EBITDA also saw a rise of 21.8%, indicating robust operational efficiency【6†source】.


The stock has been a stellar performer over the past few years, delivering a return of over 1000% in three years. In the year 2024 alone, RVNL's shares have already risen by approximately 86%【6†source】.


Market analysts suggest that if the stock maintains its current momentum and sustains above the key support levels, it could see further gains, with potential targets in the range of ₹290 to ₹310【5†source】. 


For more detailed insights, you can check the articles on Livemint and Zee Business.

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