The share price of Rail Vikas Nigam rose 4% to an intra-day high of Rs 416.30 after it won a contract worth over Rs 400 crore with a time period of 30 months. At 2.20 PM, the stock was trading up 1.47% at Rs 406.
“It is hereby informed that Rail Vikas Nigam Limited has received Letter of Acceptance from East Coast Railway for “Koraput-Singapur Road Doubling Project: Execution of 27 Nos of Major Bridges i.e. (22 Nos of Major Bridges & 5 Nos of ROBs) and earthwork in formation of approaches, protection works and other connected miscellaneous works between Tikiri and Bhalumaska stations in connection with Koraput-Singapur Road Doubling Project of Waltair Divison, East Coast Railway,” read an exchange filing. The exact cost of the project is Rs 404.40 crore, inclusive of GST.
RVNL was one of the top stocks to get negatively affected after the Union Budget 2025-26 didn’t raise the allocation for railways. The share price of RVNL has corrected over 16% in the last four trading days, excluding today’s gains.
RVNL Vs Nifty 50
The share price of RVNL has fallen more than 7% in the past five trading sessions. The stock has decreased by 1% in the last one month and over 26% in the past six months. The railway stock has given a return of around 44 % in the previous one year.
To compare, the benchmark index, Nifty 50 has risen 2.5% in the past five days. The index has surged 0.5% in the last one month. However, it has fallen 1.3% in the past six months. The index has given a return of more than 9% in the last one year.
RVNL in Q2
The reported a 27.24% year-on-year drop in net profit standing at Rs 286.88 crore in Q2 FY24, compared to Rs 394.26 crore in the second quarter of FY25. Its revenue from operations fell 1.21% to Rs 4,854.95 crore from Rs 4,914.32 crore in the corresponding quarter of the same financial year.
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