Rail Vikas Nigam Ltd (RVNL), under the Ministry of Railways, is involved in the project development, financing and implementation of projects related to rail infrastructure.
RVNL had declared a final dividend of Rs 0.36 per share on May 29 this year when the state-owned firm announced its earnings for the quarter ended March 2023.
IRFC share price: Vaishali Parekh of Prabhudas Lilladher said the IRFC stock has started cooling off after witnessing the decent spurt. She said the stock is seeing resistance near the 75 level.
Shares of Rail Vikas Nigam Ltd (RVNL) snapped two-day gaining streak today after the railway firm announced its Q4 and annual earnings. RVNL opened 3.66% lower at Rs 117.10 against the previous close of Rs 121.55 on BSE. Later, the stock fell 4.57% to Rs 116 on BSE. Total 7.74 lakh shares of the firm changed hands amounting to a turnover of Rs 9.06 crore. Market cap of RVNL fell to Rs 24,394 crore on BSE. The stock hit a 52-week low of Rs 29 on June 21, 2022 and a record high of Rs 144.50 on May 8, 2023.