Rail Vikas Nigam Shares Tumble 5.5% as Q3 Profit Disappoints

Rail Vikas Nigam Limited (RAIV.NS) shares plunged 5.5% in pre-open trade on February 17, 2025, following disappointing Q3 FY25 results. The stock opened at ₹380.00, down from the previous close of ₹379.30. Despite a strong order book, the company reported a decline in quarterly profit, surprising investors who had been optimistic about its performance in the infrastructure sector. The sharp drop comes after RVNL's recent project wins, including a ₹335 crore contract announced last week. Analysts are closely monitoring the stock, which had reached a 52-week high of ₹647.00 earlier this year, for signs of recovery.

 

Sources: Moneycontrol, Yahoo Finance, Investing.com