RVNL Share Price | RVNL stock will give returns at bullet train speed, beneficial update on the company – NSE: RVNL
RVNL Share Price | A sharp decline was seen in the stock market on Thursday 21 November. The stock market continues to decline (NSE: RVNL)However, this decline has given investors an opportunity to buy many good shares. RVNL's share is one of them. (RVNL Company Excerpt)
Shares fell more than 30 percent from highs
Rail Vikas Nigam Limited shares are again trading with gains after a gap of two months. On Thursday, October 21, the stock was trading at Rs 421, down 2.58 per cent. RVNL share is down 30 percent from its 52-week high of Rs 647. Since then the stock has been trading with good volumes for the last few days. On Friday (22 November 2024), the stock was trading at Rs 420, down 0.38%.
Experts' advice
According to stock market experts, after a long decline, there are indications that RVNL shares may see a rise. However, experts believe that RVNL stock will have to go through a period of continuous resistance to reach higher levels.
The company got a big contract
Rail Vikas Nigam Limited has received work order from South Central Railway for engineering procurement construction contract for doubling of tracks between Navipet station and Indalvai station (3370 km).
Stock gave 2031% return
In the last 6 months, shares of Rail Vikas Nigam Limited Company have given a return of 23.19%. The stock has given 152.25% return in the last one year. The stock has given 1657.83% return in the last five years. The stock has given 2031.65% returns to long term investors. The stock has given a return of 131.32% on a YTD basis.
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