Last Updated:
Rail Vikas Nigam (RVNL) shares declined by 7% to Rs 336.25 each at the open on February 17, following the company’s weak Q3 numbers
RVNL Share Price Today
RVNL Share Price: Rail Vikas Nigam (RVNL) shares declined by 7% to Rs 336.25 each at the open on February 17, following the company’s report of a 13.14% drop in consolidated net profit to Rs 311.44 crore for Q3 FY25, compared to Rs 358.57 crore in Q3 FY24.
Revenue from operations also fell by 2.60% year-on-year to Rs 4,567.38 crore in the quarter ending December 31, 2024.
Profit before tax stood at Rs 412.90 crore in Q3 FY25, down 10.73% from Rs 462.55 crore in Q3 FY24.
The company’s total expenses decreased by 2.27% to Rs 4,480.08 crore in Q3 FY25, compared to Rs 4,584.44 crore in Q3 FY24.
For the nine months ending December 31, 2024, RVNL reported a 24.96% drop in net profit to Rs 822.41 crore, while revenue decreased by 11.06% to Rs 13,496.14 crore compared to the same period in FY24.
RVNL Shares Target Price
According to Trendlyne data, the average target price for RVNL shares is Rs 357, suggesting a potential downside of 1% from the current market price. The consensus recommendation from two analysts for the stock is a “Sell.”
From a technical perspective, the stock’s relative strength index (RSI) is at 37.3. Trendlyne notes that an RSI below 30 indicates the stock is oversold, while an RSI above 70 signals overbought conditions. Additionally, the MACD stands at -7.8, which is below both its signal line and center line, signaling a strong bearish trend.
The stock is currently trading below its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day simple moving averages (SMAs).
Rail Vikas Nigam is engaged in executing a wide range of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, and other infrastructure developments.
The company’s shares have experienced significant volatility over the past month, falling nearly 18% from recent highs. This decline follows a period of optimism around the railway sector, driven by expectations of increased capex allocation in Budget 2025, which was not realized, causing the stocks to drop sharply.