LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » India News

Rail Vikas Nigam shares make flat debut on Dalal Street at Rs 19; up by 2%

The company is incorporated by the Ministry of Railway with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects.

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Rail Vikas Nigam shares make flat debut on Dalal Street at Rs 19; up by 2%
Rail Vikas had commenced its initial public offering (IPO) between March 29 to April 03, 2019. Photo: Rail Vikas Nigam Official Website
Written By: ZeeBiz WebTeam
Updated: Thu, Apr 11, 2019
01:03 pm
Mumbai, ZeeBiz WebDesk
RELATED NEWS
Rail Vikas Nigam Share price: Buy the stock on dips! Details explained by HDFC Securities Rail Vikas Nigam Share price: Buy the stock on dips! Details explained by HDFC Securities
Rail Vikas Nigam IPO issue enters markets today - Should you invest? Rail Vikas Nigam IPO issue enters markets today - Should you invest?
IPRCL to enhance port connectivity,integrate with rail network IPRCL to enhance port connectivity,integrate with rail network

The government-owned Rail Vikas Nigam made its market debut on a flat note on Dalal Street on Thursday. The stock got listed at Rs 19 per piece, exactly the same as its upper price band of IPO issue. At around 1244 hours, Rail Vikas Nigam was trading at Rs 19.25 per piece up by 1.32% on Sensex. However, the stock has touched an all-time high of Rs 19.75 per piece, resulting in over 2% rise. The company is incorporated by the Ministry of Railway with an objective to undertake rail project development, mobilization of financial resources and implementation of rail projects pertaining to strengthening of golden quadrilateral and port connectivity and raising of extra- budgetary resources for project execution.

Rail Vikas had commenced its initial public offering (IPO) between March 29 to April 03, 2019. In this IPO issue, the company got oversubscribed by just 1.83 times with 46,33,16,100 equity shares as against total issue size of 25,34,57,280 shares. Price band for the IPO was set at lower end of Rs 17 per piece and higher end of Rs 19 per piece. There was  also 0.50% discount available to retail and employee investors on their price band. Through the IPO, government and promoters had reduced their stake by another 12.16%. 

Should you invest in Rail Vikas Nigam? 

Abhijeet Bajpai, Co- Founder, Avighna Trades said, "Rail Vikas Nigam shares have seen a flat opening on April 11, the first day of trade on exchanges. The stock listed at Rs 19, the upper end of the price band. If we analyze financials of last 3 years the company is growing at around 30% in terms of revenues and at around 20% in terms of net profit. RVNL is in the business of executing all types of railway projects, including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable-stayed bridges, institution buildings."

#ChunaavIndiaKa | क्या हो नई सरकार के लिए नए #Goal? जानिए भारती एंटरप्राइजेज के वाइस चेयरमैन राकेश भारती मित्तल की मन की बात।@CIIPresident @FollowCII @SwatiKJain @AnilSinghviZEE #Vote4nation #MakeYourMark #CastYourVote #LokSabhaElections2019 #IndiaElections2019 pic.twitter.com/u43qhTZCg1

— Zee Business (@ZeeBusiness) April 11, 2019

"From cost perspective being into consultancy service it has a limited investment requirement for infra and related things and with more than 100 work order in hand of worth more than 77000 crore," he added.

Since inception in 2003, the Railways Ministry  has transferred 179 projects to it of which 174 projects are sanctioned for execution. Out of these, 72 projects have been fully completed totalling to Rs 205,672.80 million and the balance are ongoing. Apart from this, RVNL has a order book of Rs 775,042.80 million as on December 31, 2018 which includes 102 ongoing projects.

"Government focus on rail infrastructure spends, strong order book, attractive valuations, strong execution capabilities, robust balance sheet. Stock looks promising  investors should hold for long term pick," Bajpai added.

 

 

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Rail Vikas Nigam
RELATED NEWS
Rail Vikas Nigam Share price: Buy the stock on dips! Details explained by HDFC Securities Rail Vikas Nigam Share price: Buy the stock on dips! Details explained by HDFC Securities
Rail Vikas Nigam IPO issue enters markets today - Should you invest? Rail Vikas Nigam IPO issue enters markets today - Should you invest?
IPRCL to enhance port connectivity,integrate with rail network IPRCL to enhance port connectivity,integrate with rail network

LATEST NEWS

Stock Market Outlook: Anil Singhvi reveals Nifty, Bank Nifty support range; says global markets, Q4 results to drive street

Vivek, Tamil actor and comedian, passes away at 59 in Chennai hospital

Expert recommends BUY ACC with price target of Rs 2100, stop-loss Rs 1850

Crude to be around $60 a barrel in 2021

J'khand HC grants bail to Lalu in Dumka treasury case; paves way for his release from jail

Cipla shares hit new high; Sharekhan pegs target at Rs 1100 as Pharma giant doubles Remdesivir production

FICCI writes to 25 CMs on Covid management, urges to avoid lockdown

7th Pay Commission Latest News: 'Special Allowance' extended for These Central government employees

SpaceX wins $2.9bn NASA contract to build moon lander

iPhone game for kids secretly turns into casino

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved