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RAIL VIKAS NIGAM Plunges 4%; BSE CAPITAL GOODS Index Up 1.4%
Fri, 9 Aug 9:20

RAIL VIKAS NIGAM Plunges 4%; BSE CAPITAL GOODS Index Up 1.4%Image source: KanawatTH/www.istockphoto.com

RAIL VIKAS NIGAM share price has plunged 4% and is presently trading at Rs 536.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,573.0 (up 1.4%).

Among the top losers in the BSE CAPITAL GOODS index today are SCHAEFFLER INDIA (down 1.3%) and Lakshmi Machine (down 1.0%).

ABB (up 3.2%) and HINDUSTAN AERO. (up 2.0%) are among the top gainers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 125.2 to Rs 536.7, registering a gain of Rs 411.5 (up 328.8%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 43,182.8 to 72,573.0, registering a gain of 68.1% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 212.8%), HINDUSTAN AERO. (up 153.7%) and Bharat Electronics (up 135.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,984.2 (up 1.4%).

The top gainers among the BSE Sensex today are Ultratech Cement (up 2.2%) and M&M (up 2.1%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 24,346.8 (up 1.0%). Eicher Motor and ONGC are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,953.5 to 79,984.2, registering a gain of 14,030.8 points (up 21.3%).

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 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 82.5.


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