RVNL Share Price | Multibagger RVNL share comes into focus in terms of valuation, important advice from experts – NSE: RVNL
RVNL Share Price | Rail Vikas Nigam Limited Company Shares to give multibagger returns to investors in 2024 (NSE: RVNL) Has given. The stock has given 77% returns in the last 6 months. The stock has given 196% returns in the last 1 year. The stock has given 1880% returns in the last 5 years. The stock has also returned 157% on a YTD basis. Experts say that RVNL shares have become expensive in terms of valuation. (Rail Vikas Nigam Limited Company Excerpt)
Current status of stock
Shares of Rail Vikas Nigam Limited were trading at Rs 468.30, down 1.89 percent on Monday, October 21. The total market cap of Rail Vikas Nigam Limited is Rs 97,589 crore. On Tuesday, October 22, the stock was trading at Rs 446.30, down 4.16 per cent. On Wednesday (23 October 2024), the stock was trading at Rs 440, down 0.60%. RVNL Share Technically speaking, the RSI of RVNL share is 42.9. Hence there are indications that RVNL shares are not trading in overbought or oversold zones. Shares of Rail Vikas Nigam Limited Company are lower than 5 day, 10 day, 20 day, 30 day, 50 day and 100 day moving averages, but above 150 day and 200 day moving averages.
RVNL Share Daily Chart
Stock market expert Abhijeet Ramachandran said, 'A slight rise is being seen on the daily chart of the shares of RVNL Limited Company. RVNL share has strong support at Rs 479. According to Dainik Bhaskar, if RVNL stock touches the level of Rs 520, it can go up to Rs 578.
Anand Rathi Brokerage Firm – Target Price
Stock market expert of Anand Rathi brokerage firm said, 'RVNL share has strong support at Rs 480 and resistance at Rs 515. If RVNL share goes up to Rs 515 then it can go up to Rs 535. According to Anand Rathi brokerage firm, the expected trading range of RVNL share for short term will be between Rs 465 to Rs 545.
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