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Prachi Mehta

11th Feb 2025 · SEBI-Registered Analyst

Stocks in news today -
RVNL

RVNL
's Project Win Details Shares of Rail Vikas Nigam Ltd (RVNL) are in the news today after the state-run firm emerged as the lowest bidder (L1) for a project worth Rs 355.43 crore from South Western Railway. The order is to be completed in 18 months and involves survey, design, supply, installation, testing, and commissioning of KAVACH equipment and other associated works over 790 RKM of Hubballi and Mysuru Divisions of South Western Railway.
RVNL
's Stock Performance and Financials RVNL stock fell 3.55% to Rs 381.30 on BSE on February 10. The company's market capitalization stands at Rs 79,501 crore on BSE. RVNL shares have a one-year beta of 1.5, indicating high volatility during the period. The relative strength index (RSI) of RVNL stands at 40.9, signaling it's trading neither in the overbought nor in the oversold zone. RVNL shares are trading lower than the 5-day, 100-day, 150-day, and 200-day moving averages, but higher than the 10-day, 20-day, 30-day, and 50-day moving averages.
RVNL
's Role and Expertise RVNL is an executing arm of Indian Railways and works for and on behalf of the ministry for projects assigned to it for execution. It works on a turnkey basis and undertakes the full cycle of project development from conceptualization to commissioning, including stages of design, preparation of estimates, calling and award of contracts, and project and contract management. Note ; make sure to follow risk management and position sizing at all times

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