RAIL VIKAS NIGAM share price has plunged 5% and is presently trading at Rs 421.8.
Meanwhile, the BSE CAPITAL GOODS index is at 66,235.5 (down 2.5%).
Among the top losers in the BSE CAPITAL GOODS index today are Finolex Cables (down 4.4%) and BHEL (down 4.4%).
Thermax (up 4.9%) is among the top gainers today.
Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 157.6 to Rs 421.8, registering a gain of Rs 264.2 (up 167.7%).
On the other hand, the BSE CAPITAL GOODS index has moved up from 46,119.3 to 66,235.5, registering a gain of 43.6% during the last 12 months.
The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 125.4%), Bharat Electronics (up 98.9%) and Siemens (up 98.0%).
Dear Reader: If You Invest in Midcap Stocks, this is for You
The BSE Sensex is at 79,358.7 (down 0.9%).
The top losers among the BSE Sensex today are Indusind Bank (down 19.1%) and M&M (down 4.4%). The most traded stocks in the BSE Sensex are Tata Steel and Indusind Bank.
In the meantime, NSE Nifty is at 24,101.5 (down 1.2%). Indusind Bank and M&M are among the top losers in NSE NIFTY.
Over the last 12 months, the BSE Sensex has moved up from 64,571.9 to 79,358.7, registering a gain of 14,786.8 points (up 22.9%).
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 64.8.
Equitymaster requests your view! Post a comment on "RAIL VIKAS NIGAM Plunges 5%; BSE CAPITAL GOODS Index Down 2.5%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!