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RAIL VIKAS NIGAM Gains 8%; BSE CAPITAL GOODS Index Up 2.6%
Mon, 29 Jul 14:19

RAIL VIKAS NIGAM Gains 8%; BSE CAPITAL GOODS Index Up 2.6%Image source: DNY59/www.istockphoto.com

RAIL VIKAS NIGAM share price has zoomed 8% and is presently trading at Rs 597.0.

Meanwhile, the BSE CAPITAL GOODS index is at 75,287.0 (up 2.6%).

Among the top gainers in the BSE CAPITAL GOODS index today are GRINDWELL NORTON (up 5.6%) and AIA Engineering (up 4.4%).

SKF India (down 1.0%) and GMR Infra (down 0.6%) are among the top losers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 129.4 to Rs 597.0, registering a gain of Rs 467.7 (up 361.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 42,459.1 to 75,287.0, registering a gain of 77.3% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 228.1%), HINDUSTAN AERO. (up 161.6%) and Bharat Electronics (up 153.6%).

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

What About the Benchmark Indices?

The BSE Sensex is at 81,284.7 (down 0.1%).

The top losers among the BSE Sensex today are Titan (down 2.7%) and Bharti Airtel (down 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,798.1 (down 0.2%). Titan and Bharti Airtel are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,355.7 to 81,284.7, registering a gain of 14,929.0 points (up 22.5%).

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 84.7.


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