Revenue from operations fell 4.3% to Rs 6,426.9 crore, compared to Rs 6,714 crore in the corresponding quarter of the previous fiscal.
At the operating level, EBITDA dropped 5% to Rs 432.9 crore, while the EBITDA margin narrowed slightly to 6.7% from 6.8% a year ago.
Also Read: RIL, SBI among 10 stocks with more than 32 buy calls
The company has recommended a final dividend of Rs 1.72 per equity share (17.20%) on the face value of Rs 10 each for the financial year 2024–25. The dividend is subject to shareholder approval at the upcoming Annual General Meeting (AGM). Upon approval, the final dividend will be paid within 30 days from the date of its declaration at the AGM.
Also Read: KEC International, PVR INOX among 10 smallcap stocks analysts expect to gain up to 80%
RVNL share price target
According to Trendlyne, the average target price for RVNL stands at Rs 339, implying a downside of nearly 18% from current levels. Among the 2 analysts covering the stock, the consensus rating is ‘Sell’.
From a technical perspective, the Relative Strength Index (RSI) is at 64.8, indicating neutral momentum. The MACD stands at 5.9 and is positioned above both its center and signal lines, suggesting a bullish trend.
RVNL shares are currently trading above their 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages (SMAs).
RVNL shares performance
RVNL shares closed at Rs 412.1 on Wednesday, down 0.7% on the BSE, even as the Sensex gained 0.51%. The stock has risen 11% in the past three months and 255% over the last two years. Its current market capitalisation stands at Rs 85,924 crore.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
