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RAIL VIKAS NIGAM Plunges 4%; BSE CAPITAL GOODS Index Down 1.3%
Wed, 23 Oct 9:47

RAIL VIKAS NIGAM Plunges 4%; BSE CAPITAL GOODS Index Down 1.3%Image source: phive2015/www.istockphoto.com

RAIL VIKAS NIGAM share price has plunged 4% and is presently trading at Rs 429.4.

Meanwhile, the BSE CAPITAL GOODS index is at 67,798.6 (down 1.3%).

Among the top losers in the BSE CAPITAL GOODS index today are ADANI GREEN ENERGY (down 3.0%) and SCHAEFFLER INDIA (down 2.4%).

SKF India (up 0.2%) is among the top gainers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 157.6 to Rs 429.4, registering a gain of Rs 271.9 (up 172.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 67,798.6, registering a gain of 47.0% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 128.1%), Siemens (up 109.4%) and ABB (up 103.6%).

Don't Miss: Key Information for Long-term Investors

What About the Benchmark Indices?

The BSE Sensex is at 80,069.1 (down 0.2%).

The top losers among the BSE Sensex today are NTPC (down 2.6%) and Power Grid Corp. (down 2.4%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,407.8 (down 0.3%). IOC and NTPC are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 80,069.1, registering a gain of 15,497.2 points (up 24.0%).

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 66.0.


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