RVNL shares surge for ninth straight session, here is what's fuelling the rally

The scrip has advanced 14.22% in the last one month. On the other hand, shares also zoomed 10.83% higher, in the last six months.

On Wednesday afternoon, shares of RVNL were trading 2.09% higher at ₹362.30 apiece.

Here are some reasons why stock is on investors’ radar:

As of September 15, there was a notable surge in futures open interest for six stocks in the NSE F&O pack, leading to an overall increase of over 5% compared to the previous session. A significant uptick in futures open interest indicates strong growth in the number of active, unexpired futures contracts in a given security. This trend reflects a rise in market participation, with traders either initiating new positions or expanding existing ones, analysts said.

RVNL secured the lowest bid position for a ₹169 crore traction sub-station project from West Central Railway.

RVNL in July said it bagged an order worth ₹213 crore from the South Central Railway in Andhra Pradesh for designing, supplying, erecting, testing and commissioning of the overhead vehicle upgradation from the existing “1X25kV” system to “ 2X25kV”.

The company will upgrade the OHE at the feeding system with a feeder and earthing in the Duvvada-Rajahundry and Samalkot-Kakinada port sections in Vijayawada, Andhra Pradesh. Furthermore, the work will be done on a total of 195.5 route km (RKM) or 391 track km (TKM), RVNL said in a regulatory filing.

The ₹213.22 crore (or ₹213,22,48,546.62 including taxes) contract will be executed within 24 months (or two years).

The stock touched its 52-week high of ₹554.35 on September 16, 2024 and its 52-week low of ₹301.60 on September 1, 2025. The current market capitalisation of the company stands at ₹75,550.70 crore.

RVNL Q1 results:

RVNL reported a 40.9% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Jun (Q1 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 4.6%. Its expenses for the quarter were down by 38.0% QoQ and 1.6% YoY. The net profit decreased 71.9% QoQ and decreased 40.0% YoY.

EBITDA margin for the quarter, deteriorated by over 300 basis points, declining to only 1.4% from 4.5% earlier.

Net profit for the period declined by 40% from the same quarter last year to ₹134 crore from ₹224 crore last year.