1 month ago
RVNL Shares Face Worst Year Since Listing
RVNL is a company that builds railway projects for the Indian government.
Its shares have dropped a lot this year, making it the worst year since it started selling shares to the public.
The company made less money in the last three months of 2026 compared to the same time last year.
The government also didn't increase spending on railways as much as people hoped, which made the shares drop even more.
Some experts think the shares might go up a little bit soon, but others think they could keep dropping.
The shares are currently worth Rs 225, which is much higher than when they first started selling at Rs 19, but still lower than before.
RVNL shares have dropped 38% in 2026, the worst annual performance since listing.
Q4 net profit fell 60% to Rs 181.66 crore, while revenue rose 4% to Rs 6696 crore.
Full-year net profit declined 32% to Rs 870.66 crore in FY26.
Operating cash flow turned negative to Rs -1893.93 crore in FY26.
Union Budget 2026 increased railway capital expenditure by only 10%, leading to a sector-wide stock decline.
- Who
- Rail Vikas Nigam Ltd (RVNL), a state-owned railway company
- What
- RVNL shares are facing their worst year since listing, with a 38% decline in 2026
- Where
- The company operates under the Ministry of Railways in India
- When
- The decline has been observed throughout 2026, with significant drops in Q4 earnings and after the Union Budget 2026
- Why
- The decline is attributed to poor Q4 earnings, profit-booking, and a smaller-than-expected increase in railway capital expenditure in the Union Budget 2026
Bullish Analysts
Bearish Analysts
Short-term Recovery
Bullish Analysts
RVNL is showing signs of short-term recovery with support near Rs 224 and reclaiming the 20-EMA, indicating improving momentum.
Bearish Analysts
RVNL continues to trade under pressure with a lower-top lower-bottom structure, reflecting sustained bearish momentum.
Technical Indicators
Bullish Analysts
RSI moving above 60 suggests improving momentum, and a breakout above Rs 227 could lead to a move towards Rs 230-232.
Bearish Analysts
The stock remains below all key moving averages, reinforcing the prevailing downtrend, with immediate hurdles near Rs 228-230.
Support and Resistance Levels
Bullish Analysts
Immediate support is placed at Rs 224, and a stop-loss should be maintained below Rs 223 to manage risk.
Bearish Analysts
A decisive breakdown below Rs 223-225 could accelerate the decline towards Rs 212, followed by Rs 200.
Key facts
- Listing Date
- April 11, 2019
- Listing Price
- Rs 19 per share
- Current Share Price
- Rs 225
- Annual Returns
- -38% (2026), -15.48% (2025), 4.58% (2020)
- Q4 Net Profit
- Rs 181.66 crore (2026), Rs 455.39 crore (2025)
- Revenue from Operations (Q4)
- Rs 6696 crore (2026), Rs 6439 crore (2025)
- Full Year Net Profit
- Rs 870.66 crore (2026), Rs 1277.79 crore (2025)
- Operating Cash Flow
- Rs -1893.93 crore (2026), Rs 1878.20 crore (2025)
- Railway Capital Expenditure
- Rs 2.93 lakh crore (2026)
Quotes
Shitij Gandhi
AVP, Equity Technical Research at SMC Global Securities
“RVNL is showing signs of short-term recovery after taking support near Rs 224 and reclaiming the 20-EMA, with RSI moving above 60, indicating improving momentum. However, the stock continues to trade below the 50, 100, and 200-EMA, suggesting that the broader trend remains weak. Traders may consider buying only on a sustained breakout above Rs 227 with strong volumes. On the upside, the stock can move towards Rs 230-232, while immediate support is placed at Rs 224. A stop-loss should be kept...”
businesstoday.in
“RVNL continues to trade under pressure on the daily chart, with the price forming a lower-top lower-bottom structure, reflecting sustained bearish momentum. The stock remains below all key moving averages...”
businesstoday.in
Sources
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