Espresso Shot of the Day - Rail Vikas Nigam Ltd up by 13.25 percent

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Espresso Shot of the Day - Rail Vikas Nigam Ltd up by 13.25 percent

April 24, 2023
Espresso Shot of the Day - Rail Vikas Nigam Ltd up by 13.25 percent

RAIL VIKAS NIGAM LTD 87.80 (+13.25%) BSE – INE415G01027 | 24th April 2023

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Rail Vikas Nigam Limited (RVNL) is a Category-I Mini-Ratna CPSE under the Ministry of Railways. It was incorporated in 2003 to meet the country's surging infrastructural requirements and to implement projects on a fast-track basis. RVNL works as the construction arm of the Ministry of Railways for project implementation and transportation infrastructure development. The organization undertakes project execution from concept to commissioning and creates project-specific SPVs. RVNL’s mandate includes the mobilization of extra-budgetary resources (EBRs) through a mix of equity and debts via these SPVs. RVNL successfully completed 18 Projects in 2021-22 and 102 Projects since inception and up to March 2021. There are 72 projects under various stages of implementation by RVNL. Rail Vikas Nigam Limited (RVNL) has been rated as "Excellent" by DPE & holds 94th Rank in 'Fortune 500-India's Largest Companies' 2022 List.


Recent Drivers

  • On April 23,2023 ,it was reported that Indian Railways would begin the production of 120 advanced Vande BharatExpress trains by August 2023. This may be one of the probable reasons for the sharp rise in RVNL. The contract process is underway with a consortium of Russia and India's RVNL.
  • Rail Vikas Nigam Limited has received Letter of Award (LOA) from Northwestern Railway on April 12,2023 for “Provision of Automatic Block Signalling on Madar-Sakhun Section of Jaipur Division over Northwestern amounted to Rs.63 crores.
  • Board of Directors of RVNL declared An Interim Dividend of Rs 1.77/- per equity share of Rs. 10/- on March 24,2023 for the financial year 2022-23.
  • On March 1,2023, RVNL emerges as the Lowest Bidder (L1) for 'Manufacturing cum Maintenance of Vande Bharat Trainsets including Up-gradation of the Government Manufacturing Units & Trainset Depots' in JV with Metrowagonmash and Locomotive Electronic System.
  • On February 13,2023, RVNL reported a quarterly net profit of Rs.382.42 crores in December 2022, up 30.51% from the Rs. 293.01 crores reported in December 2021.
  • On February 13,2023, RVNL reported a December quarter net sale of Rs.5,012.09 crores.
            (Sources: Exchange, Money control, Business Standard)­


Technical Force*

  • S&P BSE 500 month till date gain by 2.53%.
  • Traded on new 52 Week High value 88.84
  • 3 months avg. BSE volume: 13,78,194
  • Quantity traded: 1,07,80,239| Deliverable quantity: 35,96,288 (33.36%).
  • Stock price jumped by more than 200 % from a one-year low level: 29.00 (June 22, 2022)
  • Daily RSI (14) is in overbought territory today.
  • 52-week-high: 88.84| 52-week-low: 29.00


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

147.08

115.62

91.93

60.47

36.78

5.32

-

-

Fibonacci Pivot

115.62

94.55

81.53

73.15

60.47

47.78

39.40

26.38

5.32


Today’s Close

87.80

SMA

BSE

10 DAY

75.93

20 DAY

72.34

50 DAY

68.42

200 DAY

53.84


Some Key Ratios (Source: BSE)

Market Cap:  18,306.48 Crores

PE: 14.14

OPM%: 11.15

ROE%:  21.02

Promoters holding%: 78.20

Prev. Close:  77.53


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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.