RAIL VIKAS
Stocks in news: Tata Power, Cupid, Garden Reach, ITC, Aurobindo Pharma and Vodafone Idea
Indian benchmark indices have extended their winning streak, closing positively after the Muhurat trading session. Key stocks such as life insurance companies and Tata Power reported notable quarterly earnings results. HDFC Life and LIC showed healthy premium growth, while Tata Power recorded a record profit in Q2 FY27. Other companies like Cupid and Mishra Dhatu Nigam also reported impressive profit increases during the quarter.
Stocks in news: RIL, Jio, Trent, Suzlon Energy, IndiGo, Vedanta Power and RVNL
On Thursday, Indian equities experienced a recovery, with Nifty closing above the 22,900 mark. Stocks such as Reliance Industries, Jio Platforms, and IndiGo are expected to remain in focus. Several companies reported varied profit results for the September quarter, impacting market sentiment. Regulatory developments and credit rating updates are also being closely monitored by investors. The upcoming earnings announcements from notable companies will further influence market activity.
First Russian-tech Vande Bharat sleeper still not ready: Kinet may face penalty over unresolved issues as train is now pushed to March 2027
The first Vande Bharat sleeper train using Russian technology is likely to face another six-month delay, with Indian Railways now targeting March 2027 for the prototype. Kinet Railway Solutions, which has a Rs 14,400 crore contract for 120 trainsets, is yet to resolve issues involving several components and obtain the required approvals.
Stocks in news: RVNL, Lenskart, Mazagon Dock, Maruti Suzuki India and Nestle India
Indian equities concluded Friday's session with marginal gains, supported by softer crude prices. Several companies like RVNL and Mazagon Dock are expected to be in focus on Monday. RVNL secured a significant order from East Coast Railway for railway line works. Mazagon Dock plans a substantial investment in a new shipyard project. Lenskart Solutions is anticipated to see a large block deal transaction.
GPT Infraprojects shares surge 9% after securing Rs 484 crore railway order from RVNL
GPT Infraprojects shares rallied nearly 9% after the company secured a major railway bridge order from RVNL. The contract strengthened its order book to Rs 4,992 crore, while FY27 order inflows reached Rs 818 crore.
Stocks in news: Tata Group, Wipro, BEL, HAL, Petronet LNG and Bharat Forge
Indian equity benchmarks exhibited a mixed performance on Thursday, September 17, amid ongoing volatility. The Nifty 50 index experienced a modest increase, while the Sensex noted a slight decrease. Corporate developments drew attention to Tata Group firms and Wipro, with Bharat Electronics securing fresh orders and Petronet LNG initiating discussions for a joint venture. Other notable advancements came from HAL and Bharat Forge.
RVNL achieves 41st tunnel breakthrough in Rishikesh-Karnprayag rail project
Rail Vikas Nigam Limited achieved a significant breakthrough with Escape Tunnel 1 on the Rishikesh-Karnprayag rail line. This marks the forty-first tunnel breakthrough, completing the second-longest tunnel of the ambitious project. The tunnel construction navigated challenging Himalayan geological conditions and fault lines effectively. With forty-one breakthroughs now complete, the project progresses steadily towards its final goal. Remaining breakthroughs are anticipated within the next year, nearing project completion.
Rishikesh-Karnaprayag rail line achieves a big milestone: First tunnel breakthrough achieved at Dhalwala
The Rishikesh-Karnaprayag rail project marked a remarkable construction achievement, as engineers hailed the completion of the first escape tunnel at Dhalwala. Spanning 10 kilometers, this tunnel connects Dhalwala to Neer Gaddu, furthering progress in the demanding mountainous project. With 22 out of 28 tunnels finished by Rail Vikas Nigam, this railway link promises to enhance Uttarakhand's transport facilities in steep terrains.
RVNL shares rise 2% after bagging Rs 903 crore order from SJVN Thermal
RVNL shares gained nearly 2% after the company received a Rs 903 crore Letter of Award from SJVN Thermal for a railway infrastructure project linked to the 1320 MW Buxar Thermal Power Project in Bihar. The company also recently emerged as the L1 bidder for a Rs 404 crore East Coast Railway project.
Stocks in news: Tata Motors, RVNL, Eicher Motors, Mazagon Dock and Lupin
Indian equity markets experienced volatility, with the Nifty 50 extending its losing streak for four weeks. Escalating US-Iran hostilities pushed crude oil prices higher, impacting overall market sentiment. Several companies, including Tata Motors and Rail Vikas Nigam, are expected to be active on Monday. Mazagon Dock Shipbuilders and Eicher Motors also reported significant corporate developments. Lupin received US FDA approval, while JSW Steel saw production increases in August.
Ashoka Buildcon shares rally 10% after securing Rs 602 crore order from RVNL
Ashoka Buildcon shares surged over 10% after the company received a Rs 602.16 crore order from Rail Vikas Nigam Limited for electro-mechanical works across four railway tunnels in Uttarakhand. The 30-month project is expected to strengthen the company’s order book, while the stock’s technical setup also remains in focus.
Texmaco, Rail Vikas Nigam ink JV pact to boost manufacturing
Texmaco Rail and Engineering Limited and Rail Vikas Nigam Limited have joined forces. This partnership aims to enhance India's rail manufacturing capabilities. The joint venture will focus on advanced rolling stock and infrastructure projects. It will also pursue opportunities in Asia, Africa, and the Middle East.
Government proposes to sell up to 5.36% stake in Rail Vikas Nigam
The government, which owns a 78.2% stake in RVNL, has proposed to sell a 3.4% holding in the state-run railway infrastructure company, with an option to sell 1.96% more if oversubscribed. The floor price for the sale has been set at 119 rupees per share, representing an over 11% discount to Rail Vikas stock's closing price on Wednesday.
Govt to sell up to 5.36% stake in RVNL through OFS
Under the proposed OFS, the government will offload about 7.08 crore equity shares, representing 3.4% equity on Day 1, which is the T day and in the case of oversubscription, an additional 1.96% stake will be sold. Only non-retail investors will be allowed to place their bids on T day
Buy Rail Vikas Nigam, target price Rs 80: Prabhudas Lilladher
Rail Vikas Nigam, incorporated in the year 2003, is a Mid Cap company (having a market cap of Rs 13688.16 Crore) operating in Construction sector.
PSU rail stock rises over 4% as company bags orders worth Rs 1,058 crore
The stock was last trading at Rs 77.55, up 4.16% from previous close. In the last one year, the stock has more than doubled investors' wealth, rising 106%. On a year-to-date basis, the scrip
Buy Rail Vikas Nigam, target price Rs 86.5: HDFC Securities
Promoters held 78.2 per cent stake in the company as of 30-Sep-2022, while FIIs owned 0.95 per cent, DIIs 7.43 per cent.
This multibagger PSU stock hits 5% upper circuit. Here’s why
As per the Trendlyne data, the highest target price for the stock goes up to Rs 80, while the average target price estimate is Rs 61, which shows an upside potential of 9% from the current market prices. The consensus recommendation from 2 analysts for Rail Vikas Nigam is a strong ‘buy’.
Rail Vikas Nigam hits new 52-week high on new order win
The Rs 137-crore order is for designing, supplying, erecting, testing and commissioning for OHE Modification Work in the existing 25 kV OHE.Rail Vikas Nigam stock in the last 1-year has gained by over 25%.
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