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RAIL VIKAS NIGAM Plunges 6%; BSE CAPITAL GOODS Index Up 0.0%
Fri, 8 Nov 9:12

RAIL VIKAS NIGAM Plunges 6%; BSE CAPITAL GOODS Index Up 0.0%Image source: KanawatTH/www.istockphoto.com

RAIL VIKAS NIGAM share price has plunged 6% and is presently trading at Rs 448.9.

Meanwhile, the BSE CAPITAL GOODS index is at 70,118.7 .

Among the top losers in the BSE CAPITAL GOODS index today are Carborundum Universal (down 1.3%) and GRINDWELL NORTON (down 1.2%).

V GUARD IND. (up 2.4%) and Bharat Forge (up 1.5%) are among the top gainers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 154.5 to Rs 448.9, registering a gain of Rs 294.4 (up 190.6%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,002.7 to 70,118.7, registering a gain of 49.2% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 129.8%), Bharat Electronics (up 118.2%) and Siemens (up 110.1%).

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

What About the Benchmark Indices?

The BSE Sensex is at 79,677.7 (up 0.2%).

The top gainers among the BSE Sensex today are M&M (up 2.1%) and Indusind Bank (up 1.6%). The most traded stocks in the BSE Sensex are {sensextoptrade2}.

In the meantime, NSE Nifty is at 24,207.7 . Hindalco and Infosys are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 64,958.7 to 79,677.7, registering a gain of 14,719.0 points (up 22.7%).

RAIL VIKAS NIGAM Financial Update...

RAIL VIKAS NIGAM net profit fell 18.4% YoY to Rs 3,021 million for the quarter ended September 2024, compared to a profit of Rs 3,702 million a year ago. Net sales declined 1.2% to Rs 48,550 million during the period as against Rs 49,143 million in July-September 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 72.6.


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