The project involves upgrading the electric traction system from 1×25 kV to 2×25 kV across the Salem Junction–Podanur Junction and Irugur–Coimbatore Junction–Podanur Junction sections. The upgrade is aimed at helping Southern Railway meet its loading target of 3,000 metric tonnes.
The contract, valued at Rs 143.3 crore including taxes, is to be executed within 24 months.
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This follows RVNL’s emergence as the lowest bidder on June 30 for a Rs 213.22 crore order from South Central Railway. In May, the company reaffirmed its revenue guidance of Rs 20,000–22,000 crore for FY26, despite a weaker performance in FY25.
RVNL share price target
According to Trendlyne, the average target price for RVNL is Rs 340, indicating a potential downside of nearly 13% from current levels. Of the two analysts tracking the stock, the consensus rating is ‘Sell’.
From a technical standpoint, the Relative Strength Index (RSI) stands at 44.7, suggesting neutral momentum. The MACD is at -0.2 and remains below both its signal line and the center line — typically considered a strong bearish signal.
RVNL shares are currently trading below all key moving averages, including the 5-day, 10-day, 20-day, 30-day, 50-day, 150-day, and 200-day simple moving averages (SMAs).
On Friday, the stock closed at Rs 391.3 on the BSE, up 0.2%, while the Sensex rose 0.23%. The stock has declined 9% over the past six months but remains up 220% over the last two years. RVNL’s market capitalisation currently stands at Rs 81,597 crore.
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(Disclaimer: Recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times)
