RVNL share price declined nearly 2% in early trade on Thursday after the state-run company reported its Q4 results. The PSU railway stock fell as much as 1.95% to ₹404.05 apiece on the BSE.
Rail Vikas Nigam Ltd (RVNL) reported a net profit of ₹459 crore in the fourth quarter of FY25, registering a decline of 4% from ₹478.4 crore in the corresponding quarter of the previous fiscal.
RVNL’s consolidated revenue from operations in Q4FY25 also declined 4% to ₹6,427 crore from ₹6,714 crore, year-on-year (YoY).
At the operating level, EBITDA during the quarter ended March 2025 decreased 5% to ₹432.9 crore from ₹456.4 crore, while EBITDA margin contracted to 6.7% from 6.8%, YoY.
The PSU railway company has recommended a final dividend of ₹1.72 per equity share (17.20%) on the face value of ₹10 each for FY25.
RVNL share price has corrected 52.68% from its all-time high post the buying climax and is now staging a mean reversion bounce.
“The logical resistance and target lies at ₹475, which marks the 50% retracement of the entire fall. This level also aligns with weekly swing high wicks and zones where previous longs were trapped during the correction. The confluence of these factors makes ₹475 a significant hurdle and an ideal level to book profits,” said Anshul Jain, Head of Research at Lakshmishree Investments.
RVNL share price has gained 11% in one month, but is down 3% YTD. However, over the long term, RVNL shares have delivered stellar returns as the railway PSU stock is up 22% in one year and has jumped 2,323% in five years.
At 9:35 AM, RVNL share price was trading 0.05% lower at ₹411.90 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
MUMBAI (Reuters) -The Indian rupee is likely to open higher on Thursday, supported by the strength in Asian peers, with…
Traffic outside the Central Bank of Brazil headquarters in Brasilia, Brazil, on Monday, June 17, 2024.Bloomberg | Bloomberg | Getty…
Stocks to buy under ₹100: After a strong start, the Indian stock market indices extended their early morning gains but…
Market trends remained subdued on 21 May, as attempts to push higher ultimately yielded to a mildly positive close. This…
Indianapolis Colts owner and CEO Jim Irsay speaks during a ceremony honoring former player Tarik Glenn during halftime of the…
Stock Market Today: The benchmark Nifty-50 index ended 0.52 per cent higher at 24,813.45 on Wednesday, providing a breather after…