RVNL's shares rise 8% after Q4FY24 profit increase, revenue growth, and a Rs 148 crore order from South Eastern Railway.
Rail Vikas Nigam Ltd (RVNL) shares surged 8% to Rs 322 after announcing a 25% YoY increase in Q4FY24 net profit to Rs 433.32 crore, and a 17% YoY increase in revenue from operations to Rs 6,700.69 crore. RVNL received a Rs 148 crore order from South Eastern Railway for an electric traction system upgrade, and its shares have risen 190% from their 52-week low, and 80% in 2024, delivering more than Rs 2.35 lakh to investors since the IPO launch in 2019.
May 21, 2024
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