+
RVNL shares surge 4% on Rs 3.1 bn railway order in Madhya Pradesh
RAILWAYS & METRO RAIL

RVNL shares surge 4% on Rs 3.1 bn railway order in Madhya Pradesh

RVNL, the state-owned Rail Vikas Nigam, experienced a nearly 4% surge in its shares to reach Rs 162.9 recently. This boost followed the company's reception of a letter of acceptance for an Rs 3.112 billion order from the Central Railway. The project involves the construction of 4 tunnels (totalling 1.6 km) with ballastless track, earthwork, and the building of significant bridges (3) in the Dharakoh Maramjhiri section of Madhya Pradesh, covering a stretch from km 831.8 to km 841.9 in connection with the third line.

According to RVNL's exchange filing, the order from Central Railways is expected to be completed in 18 months. As of 10:46 am, the stock was trading 2.4% higher at Rs 160.6 on the BSE. RVNL has demonstrated significant performance, yielding 135% returns to investors year-to-date and an impressive rally of over 750% in the past three years.

In a previous development in October, RVNL-MPCC (JV) secured a letter of acceptance for engineering works and the supply of 50 mm machine-crushed stone ballast, including complete track works, as part of the gauge conversion project between Nadiad-Petlad (37.26 km) in the Vadodara Division on Western Railway. The order was valued at Rs 2.4571 billion. Additionally, the company obtained the same work order from Western Railways for the Petlad-Bhadran (22.5 km) stretch of the Vadodara division, valued at Rs 1.7427 billion.

Trendlyne data reveals that the average target price for RVNL stock is Rs 146, indicating a potential downside of 9% from the current market prices. The consensus recommendation from three analysts is a 'Hold.' From a technical perspective, the stock's day RSI (14) is at 47.7, indicating a neutral position. The MACD is at -1.0, below its Center Line, suggesting a bearish trend. Notably, RVNL stock is trading higher than the 5-day, 10-day, 20-day, 100-day, 150-day, and 200-day moving averages.

RVNL, the state-owned Rail Vikas Nigam, experienced a nearly 4% surge in its shares to reach Rs 162.9 recently. This boost followed the company's reception of a letter of acceptance for an Rs 3.112 billion order from the Central Railway. The project involves the construction of 4 tunnels (totalling 1.6 km) with ballastless track, earthwork, and the building of significant bridges (3) in the Dharakoh Maramjhiri section of Madhya Pradesh, covering a stretch from km 831.8 to km 841.9 in connection with the third line. According to RVNL's exchange filing, the order from Central Railways is expected to be completed in 18 months. As of 10:46 am, the stock was trading 2.4% higher at Rs 160.6 on the BSE. RVNL has demonstrated significant performance, yielding 135% returns to investors year-to-date and an impressive rally of over 750% in the past three years. In a previous development in October, RVNL-MPCC (JV) secured a letter of acceptance for engineering works and the supply of 50 mm machine-crushed stone ballast, including complete track works, as part of the gauge conversion project between Nadiad-Petlad (37.26 km) in the Vadodara Division on Western Railway. The order was valued at Rs 2.4571 billion. Additionally, the company obtained the same work order from Western Railways for the Petlad-Bhadran (22.5 km) stretch of the Vadodara division, valued at Rs 1.7427 billion. Trendlyne data reveals that the average target price for RVNL stock is Rs 146, indicating a potential downside of 9% from the current market prices. The consensus recommendation from three analysts is a 'Hold.' From a technical perspective, the stock's day RSI (14) is at 47.7, indicating a neutral position. The MACD is at -1.0, below its Center Line, suggesting a bearish trend. Notably, RVNL stock is trading higher than the 5-day, 10-day, 20-day, 100-day, 150-day, and 200-day moving averages.

Next Story
Real Estate

Heena Lalwani Buys Rs 1.13 Billion Juhu Apartment

Heena Lalwani, promoter of Aatman Innovations Private Limited, has purchased a luxury apartment worth Rs 1.13 billion in Mumbai’s upscale Juhu locality, according to property registration documents accessed by Zapkey.com.The 9,862 sq ft apartment, located on the 10th floor of Lodha Developers’ Avalon Tower, was acquired at Rs 115,000 per sq ft and comes with five car parking spaces. The deal, registered on 18 August 2025, also included the payment of Rs 68 million in stamp duty and a Rs 30,000 registration fee.Lodha Developers did not respond to queries regarding the transaction, while the..

Next Story
Real Estate

Godrej Buys KPHB Land for Rs 7 Billion in E-Auction

An acre of prime land in Kukatpally Housing Board (KPHB), Hyderabad, was auctioned for Rs 7 billion, with the Telangana Housing Board generating Rs 5.47 billion from the sale of 7.8 acres through e-auction on 20 August 2025.The auction notification was issued last month, attracting bids from Godrej Properties, Aurobindo Realty, Prestige Estates, and Ashoka Builders, according to Board vice-chairman V.P. Gautham. With an offset price of Rs 4 billion per acre, the three-hour auction saw 46 bid increases, before Godrej Properties acquired the land.Revenue generated from the auction will be utilis..

Next Story
Real Estate

HMDA to Auction 93 Prime Plots in September

The Hyderabad Metropolitan Development Authority (HMDA) is preparing to conduct a three-day auction of prime open plots across Hyderabad, Rangareddy, and Medchal-Malkajgiri districts this September.According to official reports, the e-auction will take place on 17, 18, and 19 September, offering 93 plots. Of these, 70 are located in the Bachupally HMDA layout, with the remainder spread across Turkayamjal, Kokapet, Poppalguda, Chandanagar, Bairagiguda, Gandi Maisamma, Suraram, Medipally, and Bachupally village.The highest upset price has been fixed at Rs 175,000 per square yard for a land parce..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?