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Order wins to appointments, here's how these stocks reacted to the company updates at the open on September 22.

Morning Trade Stock Reactions: JSW Steel, IdeaForge, RVNL gain while ICICI Lombard, ICICI Bank slip

On a year-to-date (YTD) basis, the S&amp;P BSE PSU index has rallied 25 percent, led by triple-digit returns from Mazagon Dock (up 186 percent), Rail Vikas Nigam, and IRCON International, during the same period.

PSU stocks' rally may press govt for disinvestment as election spend squeezes fiscal space

Kant also sounded caution on the banking sector, where he sees an uptick in bad loans as the below-par monsoon hit rural incomes. Low corporate demand is also hurting their financials.

Contra view: Pharma overvalued sector now, says Dharmesh Kant

Rail Vikas Nigam announced that RVNL-MPCC (JV) emerged as the Lowest Bidder (L1) for “All civil engineering works (Earthwork, Blanketing, Retaining Wall Boundary Wall Side Drain, Major Bridges, Minor Bridges and LHSRUB, LCs, Construction of Station Buildings, Platform, Subways cover over Platforms, Staff Quarters, Passenger Amenities, Circulating Area, approach roads, Offices, Service Buildings, watering, Sanitation, protection works etc. and Supply of 50 mm Machine Crushed Stone Ballast, Complete track works including linking of Track works in connection with Gauge Conversion work between NadiadPetlad (37.26 kms) of Vadodara Division of Western Railway.” The project cost is Rs 245.71 crore. The RVNL Share is 74% and MPCC Share is 26%. 

RVNL JV successfully bids for Western Railway project worth Rs 245.71 cr 

The project involves all civil engineering works (earthwork, blanketing, retaining wall boundary wall side drain, major bridges, minor bridges and LHSRUB, LCs, construction of station buildings, platform, subways cover over platforms, staff quarters, passenger amenities, circulating area, approach roads, offices, service buildings, watering, sanitation, protection works etc.) and supply of 50 mm machine crushed stone ballast, complete track works including linking of track works in connection with gauge conversion work between NadiadPetlad (37.26 kms) of Vadodara Division of Western Railway.In the joint venture entity, the share of RVNL is 74% and that of MPCC is 26%.The project has to be executed within a period of two years.Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.The company reported 15.19% rise in consolidated net profit to Rs 342.90 crore on 20.15% increase in revenue from operations to Rs 5,571.57 crore in Q1 FY24 over Q1 FY23.The scrip fell 2.65% to currently trade at Rs 165.15 on the BSE.

RVNL JV emerges as L1 bidder for Rs 245 crore contract of Western Railway 

JSW Energy formed strong bullish candlestick pattern on the daily timeframe with robust volumes. The stock traded above all key moving averages, while it has been rising for fourth consecutive month.

Trade Spotlight | Your strategy to trade in Rail Vikas Nigam, Emami, JSW Energy today

IRFC is now the 10th most valuable state-run enterprise in the country, surpassing Bharat Electronics Ltd, Bank of Baroda, and Gail India Ltd

IRFC on a new high, is 10th most-valued PSU after m-cap crosses Rs 1 lakh crore

Considering the strong momentum, the index is likely to march towards 20,000 milestone in coming days, provided its holds 19,700-19,800 area, while the crucial support remains at 19,600-19,500 levels, experts said

Top 10 trading ideas for next 3-4 weeks as bulls charge Nifty towards 20,000 mark

In a regulatory filing, the company said, “RVNL-MPCC JV has emerged as the lowest bidder (L1) for all civil engineering works (earthwork, blanketing, retaining wall boundary wall side drain, major bridges, minor bridges and LHSRUB, LCs, construction of station buildings, platform, subways cover over platforms, staff quarters, passenger amenities, circulating area, approach roads, offices, service buildings, watering, sanitation, protection works etc. and supply of 50 mm machine crushed stone ballast, complete track works including linking of track works in connection with gauge conversion work between Petlad Bhadran (22.50Kms) of Vadodara division of Western Railway.”The cost of the project is Rs 174,27,33,879.97 and it is to be executed in 2 years. According to the deal, RVNL will hold 74% of the share while MPCC share will be 26% in the project.Rail Vikas Nigam is in the business of executing all types of railway projects including new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, institution buildings etc.The company reported 15.19% rise in consolidated net profit to Rs 342.90 crore on 20.15% increase in revenue from operations to Rs 5,571.57 crore in Q1 FY24 over Q1 FY23.

RVNL gains after JV emerges as L1 bidder for Rs 174 cr project

RVNL holds 74 percent stake in the joint venture, while MPCC holds the remaining 26 percent.

RVNL spurts 3% after JV emerges as lowest bidder for Rs 174-cr railway project

Rail Vikas Nigam Ltd. engages in the development and construction of railway infrastructure. The firm also provides vital port linkage including the corridors connecting the port of Hinterlands. It railway projects include new lines, doubling, gauge conversion, railway electrification, metro projects, workshops, major bridges, construction of cable stayed bridges, and institution buildings. The company was founded on January 24, 2003 and is headquartered in New Delhi, India.

Watchers	1,023
52-Wk Low	32.85
52-Wk High	199.25

Market Cap	331.1B
Volume (M)	34.46M
52-Wk High	199.25
52-Wk Low	32.85

RVNL.NSE Rail Vikas Nigam Ltd.

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