RVNL share price fell over 2 per cent in Wednesday's trading session (May 21) ahead of the PSU railway company's March quarter results announcement. At 9:30 am, the PSU stock was trading at ₹405.50 apiece, as against its last closing price of ₹415 on Tuesday.
The railway company will also be announcing a final dividend for the financial year 2024-25 (FY25).
“A meeting of the Board of Directors of the Company is scheduled to be held on Wednesday, 21st May, 2025, to, inter alia, consider and approve the Audited Financial Results (Standalone & Consolidated) of the Company for the quarter and year ended 31st March, 2025, after the same are reviewed by the Audit Committee,” RVNL said in an exchange filing dated May 6.
It further added, “Further, pursuant to the “RVNL code of conduct for regulating and reporting trading by Designated Persons and their immediate relatives” the Trading Window Closure Period has commenced from 1st April, 2025 and will end 48 hours after declaration of the financial results i.e. upto Friday, 23rd May, 2025 (both days inclusive)."
Rail Vikas Nigam Limited (RVNL) has been declared the Lowest Bidder (L1) by IRCON International Limited for a major railway project. The project includes:
This update was shared in the company's exchange filing dated May 19.
RVNL share price has declined almost 3 per cent in 2025 so far. However, the stock has rebounded, recovering losses by gaining over 10.67 per cent in one month.
According to Anshul Jain, Head of Research at Lakshmishree Investments, the RVNL stock is currently staging a technical rebound, supported by short-term accumulation and momentum recovery.
“RVNL witnessed a steep 52% decline over 38 weeks following a buying climax in July 2024. Based on Fibonacci retracement principles, a 50% pullback of the entire fall places the potential upside near 480 levels. This zone will act as a critical resistance, and price action around it will determine whether the stock enters a fresh uptrend or stalls,” Jain said.
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