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RAIL VIKAS NIGAM Gains 6%; BSE CAPITAL GOODS Index Up 0.3%
Wed, 10 Jul 9:26

RAIL VIKAS NIGAM Gains 6%; BSE CAPITAL GOODS Index Up 0.3%Image source: peterschreiber.media/www.istockphoto.com

RAIL VIKAS NIGAM share price has zoomed 6% and is presently trading at Rs 570.3.

Meanwhile, the BSE CAPITAL GOODS index is at 75,747.3 (up 0.3%).

Among the top gainers in the BSE CAPITAL GOODS index today are Finolex Cables (up 1.2%) and Carborundum Universal (up 1.1%).

Thermax (down 1.4%) and AIA Engineering (down 1.2%) are among the top losers today.

Over the last one year, RAIL VIKAS NIGAM has moved up from Rs 122.3 to Rs 570.3, registering a gain of Rs 448.0 (up 366.5%).

On the other hand, the BSE CAPITAL GOODS index has moved up from 40,584.0 to 75,747.3, registering a gain of 86.6% during the last 12 months.

The top gainers among the BSE CAPITAL GOODS index stocks during this same period were BHEL (up 259.9%), HINDUSTAN AERO. (up 194.5%) and Bharat Electronics (up 174.6%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,188.6 (down 0.2%).

The top losers among the BSE Sensex today are M&M (down 4.1%) and Kotak Bank (down 0.9%). The most traded stocks in the BSE Sensex are Tata Steel and ITC.

In the meantime, NSE Nifty is at 24,398.4 (down 0.1%). M&M and Axis Bank are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 80,188.6, registering a gain of 14,844.4 points (up 22.7%).

RAIL VIKAS NIGAM Financial Update...

RAIL VIKAS NIGAM net profit grew 27.5% YoY to Rs 4,353 million for the quarter ended March 2024, compared to a profit of Rs 3,414 million a year ago. Net sales rose 17.4% to Rs 67,140 million during the period as against Rs 57,198 million in January-March 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 80.9.


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