The shares of Rail Vikas Nigam (RVNL) tumbled more than 3% on Wednesday, extending losses for the second consecutive session after the release of Q4 results, with PL Capital maintaining its ‘Sell’ rating and reducing its target price.
RVNL shares have now fallen around 8% in two days to hit an intraday low of Rs 251.30 apiece on NSE, nearing its 52-week low of Rs 248 apiece which it had hit in March this year. This comes after the company on Monday reported a 43% year-on-year (YoY) decline in standalone net profit to Rs 212 crore for the January-March quarter of FY26, although revenue rose 5% YoY to Rs 6,648 crore during the quarter under review.
