RVNL Wins ₹115.79 Crore Contract—Latest Updates & Insights

On Tuesday, RVNL shares are expected to get a lot of attention because the company has won a huge contract worth ₹115.79 crores from the Central Railway’s Nagpur division. They will be working on upgrading the existing 1×25 KV electric system to a 2×25 KV system in the Itarsi-Amla area. This project is important as it aims to improve railway electrification and will take about 24 months to complete.

Earlier this year, RVNL also got a green light for a different project worth ₹156.36 crores from South Western Railway. This project will involve designing and setting up a new electric overhead system and should be finished within 18 months.

Recent Earnings Report:

RVNL recently announced their earnings for the third quarter, revealing a 13.1% drop in net profit, bringing it down to ₹311.6 crores compared to ₹358.6 crores a year ago. Their overall revenue was ₹4,567 crores, which is a slight decline of 2.6% from last year.

Stock Info:

As for RVNL shares, they closed on Monday at ₹371.5, rising 2.85%. While the stock has dropped 29% over the last six months, it has surprisingly increased by 474% in two years. Current estimates show the average target price for RVNL shares at ₹339, hinting at a potential drop of 9%. Experts suggest that this stock may not be a good buy right now.

Market Value:

Currently, RVNL’s total market value is around ₹77,468 crores.

(Disclaimer: The views and opinions expressed here belong to the experts and do not represent the views of Thellv.news)