HomeFinanceRVNL Share Price: Share of this government company rocketed on the first...

RVNL Share Price: Share of this government company rocketed on the first day of the week 370% jump in a year

RVNL Share Price: Share of this government company rocketed on the first day of the week, 370% jump in a year

RVNL Share Price:

The shares of Rail Vikas Nigam Limited are showing a lot of momentum today. The company’s stock has reached the top of 52 weeks. In the last three years, about 370 percent of its shares

 

 

 

 

New Delhi:RVNL Share Price:

Today there was a huge jump in the shares of Rail Vikas Nigam Limited (RVNL). The company’s stock rose 7.32 per cent to Rs 146.65 in early trade on the first day of the week. This is its 52-week top level. It had closed at Rs 136.65 in the previous session. This multibagger stock has given nearly 111% return to its investors this year while it has gained 368% in last one year. At 11 am, it was trading at Rs 143.10, up 4.72 per cent. RVNL is the construction company of the Railways.

The company’s stock is trading above its five-day, ten-day, twenty-day, fifty-day, one-hundred-day, and two-hundred-day moving averages. Relative Strength Index for a 14-day period is 80.55. ¬†Generally, below 30 it is considered oversold while above 70 is considered overbought. Price to Book, or PB, is 4.63, and the company’s PE, or price to earnings, ratio is 22.47. According to the data, its average target price is Rs 130. That is, there is a possibility of nine percent decline in it. But its one-year beta is 0.67, which suggests that it has a low downside risk.

 

 

 

 

 

Why is the stock rising?

According to experts, Rs. 151.70 may be the next level of resistance. It could fall as low as Rs 106 in the near future if it breaches Rs 128. RVNL has recently formed a subsidiary company named Kinet Railway Solutions Ltd. 25% of RVNL’s ownership is in it. Apart from that, Locomotive Electronic Systems owns 5% of the corporation, and Metrowagonmash a Russian company owns 70%. Additionally the National Highways Authority of India awarded a contract of Rs 808 crore to RVNL in the state of Odisha.

Home

RVNL Share priceReliance Share price

RELATED ARTICLES
- Advertisment -

Most Popular

Translate ¬Ľ
Increase Alexa Rank
DMCA.com Protection Status