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RAIL VIKAS NIGAM Plunges 5%; BSE CAPITAL GOODS Index Down 1.1%
Mon, 7 Oct 10:2

RAIL VIKAS NIGAM Plunges 5%; BSE CAPITAL GOODS Index Down 1.1%Image source: CreativaImages/www.istockphoto.com

RAIL VIKAS NIGAM share price has plunged 5% and is presently trading at Rs 470.0.

Meanwhile, the BSE CAPITAL GOODS index is at 69,540.4 (down 1.1%).

Among the top losers in the BSE CAPITAL GOODS index today are V GUARD IND. (down 3.2%) and Finolex Cables (down 2.9%).

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 172.4 to Rs 470.0, registering a gain of Rs 297.7 (up 172.7%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 48,209.1 to 69,540.4, registering a gain of 44.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 115.7%), Siemens (up 102.5%) and BHEL (up 101.2%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 81,930.9 (up 0.3%).

The top gainers among the BSE Sensex today are ITC (up 2.1%) and ICICI Bank (up 1.2%). The most traded stocks in the BSE Sensex are Bharti Airtel and Tata Steel.

In the meantime, NSE Nifty is at 25,077.8 (up 0.3%). ITC and ICICI Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,512.1 to 81,930.9, registering a gain of 16,418.8 points (up 25.1%).

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 72.2.

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