RVNL Share Price has been fluctuating for the past few days. It got a 14% jump in share price after receiving a big order worth Rs 554 Crore. But then again the stocks are diving downward. What are experts saying about this stock? Let’s find out.
RVNL Share Price in Today’s Market
As of today 22nd February RVNL Shares are trading for Rs 368.50, which is 3.42% down. Yesterday RNVL Shares opened at Rs 377.15 and closed at Rs 381.55. In intraday trading, the shares touched a high of Rs 393 and a low of Rs 367.10. Despite gains and corrections one year’s return on these shares is more than 42%.
Company Financials
RNVL has released its Q3 financial reports which show a net profit of Rs 311.6 Crore which has declined in year-on-year metric by 13%. Revenue for this period has slightly increased by 3%. Total revenue in FY24-25 is at Rs 22,000 Crore.
Recent News about RVNL
The company has recently come into the news after getting a contract worth Rs 554 Crore with Bengaluru Suburban Rail Projects. Not only this RVNL has secured a Rs 335 crore deal with South Western Railway for installing Kavach in trains for improved security.
RVNL has also signed an agreement in collaboration with HFCL Ltd and Aerial Telecom Solutions Pvt Ltd for Rs 13,000 Crore to develop Bharatnet’s middle-mile network in the coming 10 years. These high-value orders are impacting positively on the company’s share price.
Recommendation on Buy or Sell?
Analyst Consensus has put a ‘SELL’ tag for RVNL shares. On Moneycontrol’s website also 50% of the analysts recommend selling RVNL stocks. On the other hand 50% suggests holding RVNL stocks for the long term to see profits.
