RVNL Share Price: Bumper Buying Seen in Rail Vikas Nigam Limited Shares 🚂💰
The Rail Vikas Nigam Limited (RVNL) share price has been soaring in the past year, delivering better returns to its investors. Since October 2022, the stock has been on an upward trajectory. In Thursday’s trading session, the RVNL share crossed the ₹200 mark for the first time, reaching a high of ₹205.45. It witnessed a surge of more than 4% in just one day. On Friday, January 12, 2024, the share continued its upward movement, trading at ₹204.55 with a 2.38% increase.
According to market experts, there is a possibility of further growth in RVNL shares due to the Indian government’s special focus on the fundamental infrastructure of the railways. As a result, the share price of the railway development company is steadily increasing.
Experts believe that there could be a significant surge in RVNL stock until the announcement of the new budget for 2024. Broking firm SMC Global Securities suggests that the prices of RVNL shares could stabilize until the Lok Sabha elections after the budget.
Choice broking firms predict that RVNL shares could reach anywhere between ₹210 to ₹220. Market analysts recommend setting stop-loss at ₹190 when investing in this share.
Over the past year, RVNL shares have provided investors with a whopping 175% return. In the past month alone, the share price has increased by 15%. In the last six months, investors have enjoyed a remarkable 70% return on their investment.
With the RVNL share price on a bullish run, it’s an exciting time for investors to keep a keen eye on this stock and potentially reap significant rewards. 📈💸
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
