RVNL Stock: Sell or Hold Tight?
Since the budget reveal, Rail Vikas Nigam Limited (RVNL) has been on a wild ride, plummeting nearly 17% in just seven sessions. From its peak at Rs 345.60, we’ve watched RVNL slide to Rs 260—a stark 25% drop. What’s happening?
Analyst’s Angle
Mandar Bhojane, a voice of reason from Choice Broking, points out that RVNL hasn’t lost its steam. Despite the dip, the upward trend is strong, buoyed by encouraging signs like higher highs and robust trading volumes. The RSI’s dance back from the overbought zone to 50 whispers, “Don’t panic; it’s still bullish.”
Price Predictions
Here’s where it gets juicy. If RVNL can break past Rs 320, Mandar sees it sprinting to Rs 400. But it’s not all smooth sailing; hurdles await at Rs 300 and Rs 330.
Dividend Delights
Even as the stock wobbles, RVNL’s dividend history stands solid. With payouts in 2023 and a consistent track record, it’s clear RVNL values its investors.
The Big Picture
Zoom out, and you’ll see RVNL isn’t just surviving; it’s thriving. A 39% leap in a month, a 61% jump in three months, and a staggering 258% growth over the year. And let’s not forget the astronomical 736% in three years.
What Now?
With analysts suggesting a buy-on-dips strategy around Rs 240 and Rs 225, the current dip might just be a golden ticket for savvy investors. RVNL’s story is far from over; it’s a rollercoaster that’s only going up.
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