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RAIL VIKAS NIGAM Gains 5%; BSE CAPITAL GOODS Index Up 0.8%
Wed, 30 Oct 10:8

RAIL VIKAS NIGAM Gains 5%; BSE CAPITAL GOODS Index Up 0.8%Image source: phive2015/www.istockphoto.com

RAIL VIKAS NIGAM share price has zoomed 5% and is presently trading at Rs 458.5.

Meanwhile, the BSE CAPITAL GOODS index is at 67,816.7 (up 0.8%).

Among the top gainers in the BSE CAPITAL GOODS index today are Bharat Electronics (up 3.5%) and GRINDWELL NORTON (up 3.2%).

Honeywell Automation (down 7.1%) and V GUARD IND. (down 1.7%) are among the top losers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 156.3 to Rs 458.5, registering a gain of Rs 302.3 (up 193.4%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 45,914.5 to 67,816.7, registering a gain of 47.7% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 133.8%), Bharat Electronics (up 122.4%) and Siemens (up 100.8%).

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

What About the Benchmark Indices?

The BSE Sensex is at 80,085.0 (down 0.4%).

The top losers among the BSE Sensex today are Sun Pharma (down 1.8%) and ICICI Bank (down 1.6%). The most traded stocks in the BSE Sensex are Power Grid Corp. and Tata Motors.

In the meantime, NSE Nifty is at 24,394.8 (down 0.3%). Cipla and Dr. Reddys are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,112.7 to 80,085.0, registering a gain of 15,972.4 points (up 24.9%).

RAIL VIKAS NIGAM Financial Update...

RAIL VIKAS NIGAM net profit fell 33.7% YoY to Rs 2,226 million for the quarter ended June 2024, compared to a profit of Rs 3,355 million a year ago. Net sales declined 26.9% to Rs 40,738 million during the period as against Rs 55,716 million in April-June 2023.

For the year ended March 2024, RAIL VIKAS NIGAM reported 17.3% increase in net profit to Rs 15,745 million compared to net profit of Rs 13,418 million during FY23. Revenue of the company grew 7.9% to Rs 218,892 million during FY24.

The current Price to earnings ratio of RAIL VIKAS NIGAM, based on rolling 12 month earnings, stands at 70.5.


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