RVNL Share Price | Big signals on technical chart, RVNL stock in focus, expert gives important advice – NSE: RVNL
RVNL Share Price | On Friday, January 17, 2025, a strong rally was seen in the shares of Railway Vikas Nigam Limited Company. RVNL stock has given 13.32% return in the last five days. On Friday, January 17, 2025, shares of RVNL were trading at Rs 430.05, up 4.60 percent. The reason behind this surge is the new contract given to RVNL company.
The value of the new contract is Rs 9,613.42 crore
In the information given to the stock exchanges, the company said that Rail Vikas Nigam Limited has received the work order for the design, build, operate and maintain model of the network. The value of the contract received from Bharat Sanchar Nigam Limited is Rs 9,613.42 crore.
What did the stock market experts say
RVNL shares have fallen 26.63 percent in the last six months. RVNL shares are currently trading down by Rs 215 from its 52-week high of Rs 647. Apart from this, the share of RVNL has increased from 52 week low of Rs 213 to Rs 230. Experts say that from a long term perspective, investors can buy more shares in the fall.
What does RVNL technical chart say?
Technical charts support RVNL stock in the range of Rs 390 to Rs 370. The stock needs to cross and sustain Rs 419 mark for next rally. Experts of Angel One's broking firm said that Rs 450 is a strong resistance for RVNL share. Religare broking firm said that RVNL shares may soon touch the target of Rs 430. Investors have been advised to keep a stoploss of Rs 390.
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