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RAIL VIKAS NIGAM Gains 7%; BSE CAPITAL GOODS Index Up 1.7%
Fri, 20 Sep 13:4

RAIL VIKAS NIGAM Gains 7%; BSE CAPITAL GOODS Index Up 1.7%Image source: hudiemm/www.istockphoto.com

RAIL VIKAS NIGAM share price has zoomed 7% and is presently trading at Rs 543.7.

Meanwhile, the BSE CAPITAL GOODS index is at 72,902.0 (up 1.7%).

Among the top gainers in the BSE CAPITAL GOODS index today are BHEL (up 3.2%) and L&T (up 2.4%).

Thermax (down 2.0%) and GRINDWELL NORTON (down 1.3%) are among the top losers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 165.3 to Rs 543.7, registering a gain of Rs 378.4 (up 228.9%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 47,095.4 to 72,902.0, registering a gain of 54.8% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were HINDUSTAN AERO. (up 116.7%), BHEL (up 109.9%) and Bharat Electronics (up 97.9%).

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What About the Benchmark Indices?

The BSE Sensex is at 84,408.6 (up 1.5%).

The top gainers among the BSE Sensex today are M&M (up 4.8%) and JSW Steel (up 3.7%). The most traded stocks in the BSE Sensex are Tata Steel and NTPC.

In the meantime, NSE Nifty is at 25,768.5 (up 1.4%). M&M and JSW Steel are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 67,596.8 to 84,408.6, registering a gain of 16,811.7 points (up 24.9%).

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 83.6.


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