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RAIL VIKAS NIGAM Gains 13%; BSE CAPITAL GOODS Index Up 0.7%
Mon, 8 Jul 9:59

RAIL VIKAS NIGAM Gains 13%; BSE CAPITAL GOODS Index Up 0.7%Image source: phive2015/www.istockphoto.com

RAIL VIKAS NIGAM share price has zoomed 13% and is presently trading at Rs 555.2.

Meanwhile, the BSE CAPITAL GOODS index is at 75,693.3 (up 0.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are V GUARD IND. (up 5.3%) and Carborundum Universal (up 4.7%).

AIA Engineering (down 1.4%) and SCHAEFFLER INDIA (down 1.2%) are among the top losers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 122.0 to Rs 555.2, registering a gain of Rs 433.3 (up 355.3%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,532.4 to 75,693.3, registering a gain of 86.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 269.0%), HINDUSTAN AERO. (up 201.8%) and Bharat Electronics (up 171.9%).

Dear Reader: If You Invest in Midcap Stocks, this is for You

What About the Benchmark Indices?

The BSE Sensex is at 79,852.0 (down 0.2%).

The top losers among the BSE Sensex today are Titan (down 3.9%) and Asian Paints (down 1.2%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,276.6 (down 0.2%). Titan and Divis Laboratories are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,479.1 to 79,852.0, registering a gain of 14,372.9 points (up 22.0%).

RAIL VIKAS NIGAM Financial Update...

RAIL VIKAS NIGAM net profit grew 27.5% YoY to Rs 4,353 million for the quarter ended March 2024, compared to a profit of Rs 3,414 million a year ago. Net sales rose 17.4% to Rs 67,140 million during the period as against Rs 57,198 million in January-March 2023.

For the year ended March 2023, RAIL VIKAS NIGAM reported 28.0% increase in net profit to Rs 14,206 million compared to net profit of Rs 11,101 million during FY22. Revenue of the company grew 4.6% to Rs 202,816 million during FY23.

The current Price to earnings ratio of RAIL VIKAS NIGAM, based on rolling 12 month earnings, stands at 78.8.


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