Rail Vikas Nigam LTD up by 15% - Traders Corners | Espresso

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January 08, 2021
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RAIL VIKAS NIGAM LTD.  33.35 (+15.00%)   BSE – INE415G01027 |   08th JAN 2021



Rail Vikas Nigam is engaged in the business of implementing various types of Rail infrastructure projects assigned by MoR including doubling (including 3rd/4th lines), gauge conversion, new lines, railway electrification, major bridges, workshops, Production Units and sharing of freight revenue with Railways as per the concession agreement entered into with Ministry of Railway.

Recent Drivers

Chairman and managing director of RVNL said that the company expects to post revenue growth of 30-40 percent in FY21.

Rail Vikas Nigam Ltd had posted a profit after tax of Rs 789.86 crore in FY20. As on March 31, 2020, it had a net worth of Rs 4,499.77 crore.

Massive expansion plans, strong earnings outlook along with the government's disinvestment bid have driven this stock to 178 per cent from its 52-week low.

The company has paid the Final dividend of Rs. 1.14.

L&T’s construction arm will bag the contract from Rail Vikas Nigam Ltd of Rs. 3,338 crore for a railway project connecting Rishikesh and Karnaprayag in Uttarakhand.

The government is planning to sell up to 15 per cent stake in RVN. The government currently holds 87.84 per cent stake in RVNL.

Elara Capital and IDBI Capital Markets & Securities have bid for becoming the merchant banker for the government's stake sale in RVNL.

(source- Business Today, BSE, Mint)

Technical Force *

S&P BSE 500 month till date gain up by 57%

Share price hit fresh 52 week high price 33.95

Today’s candle indicate stock breakout with spurt in volume by 2.57 times

Stock price has jumped more than 100% in last one year low level of Rs.10, 24TH MAR 20

Daily RSI(14) is in overbought territory for 3 periods

52 week high – 33.95  52 week low- 10.20

Today’s Close33.35
SMABSE
10 DAY24.47
20 DAY21.94
50 DAY25.88
200 DAY19.60


Some Key Ratio (Source- BSE)

Market Cap: 6953.54cr.

PE: 8.50

OPM%:  7.04

ROE%: 14.77


* Chart And Technical Force data from Binge desktop app.

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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.