RVNL share price slips 3% after 20% drop in Q2 net profit; now down 40% from 1-year high

RVNL share price in focus today: Rail Vikas Nigam Limited (RVNL), a railway infrastructure company, saw its shares drop 3% in early trade on Wednesday, November 12, to the day’s low of ₹308 apiece following the release of the company’s September quarter performance, which came in lower than Street estimates.

The company, post-market hours on Tuesday, reported a decline in both operating level and net profit, while revenue was the only metric that showed growth on a year-on-year (YoY) basis.