RVNL Ltd. Share Rising on New Order Wins!

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Introduction:

RVNL is a leading player in India’s railway development projects, with a strong focus on the Golden Quadrilateral. They manage various initiatives, including new rail lines, track doubling, electrification, and more, providing turnkey solutions.

Stock Performance:

Source: Trading View

Source: Moneycontrol.com

Financial Highlights (Q1FY24):

Revenue increased by 20% YoY to ₹4,640.7 crore.
Net profit jumped by 15% YoY to ₹343 crore.

RVNL’s Robust Orderbook:

Secured a ₹420 crore order from Vadodara Division of Western Railway
Secured a ₹322 crore order from Madhya Gujarat Vij Company.
Bagged ₹11,256 crore worth of orders from Chennai Metro Rail for Phase II.
Emerged as the lowest bidder for Maharashtra Metro Rail projects worth ₹256.19 crore, among others.

Conclusion:

For investors eyeing midcap and smallcap railway stocks, a balanced approach is advisable.

While there’s potential for high returns, consider diversifying through well-researched options like thematic smallcases or portfolios with railway exposure for a safer investment than individual stock picking.

Microcaps are gaining attention, but caution is essential. Their value can be highly volatile, so don’t solely chase momentum when considering microcap investments.

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Vivek Sharma

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