Rail Vikas Nigam (RVNL) and Vodafone Idea stand among 7 stocks granted seats at the MSCI’s Global Standard index while Bandhan Bank was excluded as part of the global index service provider’s August rejig. Due to this inclusion, RVNL is likely to attract passive fund inflows worth $219 million while Vodafone Idea may likely be … Read more
State-owned Rail Vikas Nigam (RVNL) shares surged 10% to Rs 569.6 on Monday’s BSE trading, recovering from an 8.4% drop following its Q1 results reported last Thursday. RVNL reported its June quarter earnings on Thursday during market hours. Following the results, the stock fell 8.4% over two days. The company posted a 35% decline in … Read more
Now that Ashwini Vaishnaw will continue as the Railway Minister in the Modi 3.0 government, the focus is expected to once again shift to stocks in this sector, many of which have delivered multibagger returns over the last one year. ETMarkets analysed the performance of railway sector stocks in his previous stint along with the … Read more
Pushed by strong order inflows and strong execution, multibagger rail PSU stock RVNL is having a dream run by rallying almost 1,000% in the past 2 years while displaying a 3-fold growth in the last one year alone. During the fourth quarter itself, the company’s revenue, EBITDA, PAT grew by 17.4%, 22% and 33% YoY, … Read more
