PSU stocks surge up to 11% as Maharashtra election results boost market sentiment
PSU stocks saw a strong rally in Monday’s intraday trade following the BJP-led Mahayuti alliance’s resounding victory in the Maharashtra Assembly elections. Shares of Bank of Baroda, Indian Bank, HPCL, PFC, IRFC, BEL, RVNL, Bharat Dynamics, NBCC, GAIL, Concor, SAIL, and others surged between 3% and 11% in an overall positive market. Among PSU stocks,…
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RVNL shares in focus after establishing new subsidiary in Saudi Arabia
Rail Vikas Nigam Limited (RVNL) shares will be in focus on Tuesday after the company announced the establishment of a wholly-owned subsidiary in Saudi Arabia, expanding its presence in the Middle East. “Rail Vikas Nigam Limited (RVNL) has incorporated a wholly owned subsidiary company βCOMPANY RAIL VIKAS NIGAM LTD. (ONE PARTNER)β in Saudi Arabia on…
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Block deals worth over Rs 43,068 crore this week. HDFC Bank, Indigo, RVNL among stocks with major action
While Nifty ended with week-on-week gains of 1.6%, it was laden with top action where over three dozen companies from large, mid and smallcap segments witnessed prominent block deals worth Rs 43,068 crore on screen which included both buying and selling action. In the large cap segment, 15 companies witnessed significant block deals on the…
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Big movers on D-Street: What should investors do with Voltas, RVNL and MapMyIndia?
Domestic markets closed marginally lower in highly volatile trade on Monday amid allegations against Sebi chief Madhabi Puri Buch and her husband by the US short-seller Hindenburg Research. Stocks that were in focus include names like Voltas, which rose 10.69%, RVNL, which jumped 11.16%, and MapMyIndia, whose shares increased 3.75% on Monday. Here’s what Kushal…
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RVNL shares fall over 4% after Q1 profit declines 35% YoY
Shares Rail Vikas Nigam (RVNL) fell 4.5% to Rs 514 in Friday’s trade on BSE after the State-owned firm posted a 35% year-on-year (YoY) decline in its consolidated net profit at Rs 224 crore for the first quarter ended June 2024. The same stood at Rs 343 crore in the last year quarter. Its revenue…
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