Last Updated: April 13, 2023, 13:07 IST
Should you Accumulate RVNL Stocks? Rail Vikas Nigam Ltd. or RVNL shares have been buying and selling larger on Thursday after it obtained Letter of Award (LoA) from North Western Railway for provision of Automatic Block Signalling on Madar-Sakhun Section (51.13 Kms) of Jaipur Division over North Western. The price of the venture is Rs 63.8 crore.
Last month, the corporate emerged as L1 bidder for Rs 1,088.49-crore venture. RVNL has emerged because the lowest bidder (L1) for the composite contract package deal in connection for the brand new BG railway line of the HORC venture of the Haryana Rail Infrastructure Development Corporation. The price of the venture is Rs 1,088.49 crore and the venture is predicted to be executed inside 1,460 days.
The composite contract package deal in reference to new BG Railway Line of HORC venture, together with, design and building of dual tunnel utilizing NATM and lower and canopy methodology from 24.880km to 29.580km and design nd set up of ballast much less observe (excluding provide of rails) from 24.856 km to 29.680 km.
Also, detailed design, provide, set up, testing and commissioning of basic electrical companies, together with provide, erection, testing and commissioning of 11 kV HT/LT energy and management cable community, GIS substation (11/0.433) kVA. tunnel lighting system, and so on. from km 24.880 to km 29.680.
The President of India has authorized the appointment of Shri AK Khandelwal, Principal Executive Director (GS), Railway Board as part-time authorities director on the board of Rail Vikas Nigam Limited (RVNL) with instant impact, until he holds the submit of Principal Executive Director (GS) of the Railway Board or till additional orders, whichever is earlier.
The share touched a 52-week excessive of Rs 84.15 and a 52-week low of Rs 29 on November 29, 2022 and June 21, 2022, respectively.
In the December quarter of this fiscal, web revenue climbed 30.51% to Rs 382.42 crore towards Rs 293.01 crore through the earlier quarter ended December 2021. Sales stood flat at Rs 5012.09 crore in Q3 towards Rs 5049.24 crore through the quarter ended December 2021.
The authorities holds a majority 78.2% stake within the firm as of the December quarter, in response to the shareholding sample out there with the exchanges.
According to Trendlyne information, RVNL has a mean goal value of Rs 42 and the consensus estimate represents a draw back of 43.40% from the present ranges.
Prabhudas Lilladher has a Buy name on the inventory with a goal value of Rs 78, indicating an upside potential of seven% from the present market costs. The brokerage recommends cease loss at Rs 64.
RVNL is an executing arm of Indian Railways and works for and on behalf of the ministry for tasks assigned to it for execution. It works on a turnkey foundation and undertakes the complete cycle of venture growth from conceptualisation to commissioning together with levels of design, preparation of estimates, calling and award of contracts, venture and contract administration.
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