The recent order wins have significantly boosted RVNL's stock, with the share price reaching as high as Rs 436.35 on the NSE before settling at Rs 434.85, up 5.76% as of 10:05 a.m. The stock has risen 80.89% over the past year, with trading volume reaching 6.4 times its 30-day average. The relative strength index stood at 54. Among three analysts tracking RVNL, one recommends a 'buy,' another a 'hold,' and the third a 'sell,' according to Bloomberg data. Despite the positive momentum, the average 12-month consensus price target suggests a potential downside of 41.2%.
Key takeaways:
- Rail Vikas Nigam Ltd. shares rose over 6% on Friday, continuing a two-day upward trend driven by major order wins from Bharat Sanchar Nigam Ltd.
- RVNL secured a significant project from BSNL valued at Rs 9,613.4 crore for the development and maintenance of BSNL's middle-mile network under the Bharat Net initiative.
- The stock has risen 80.89% over the last 12 months, with a total traded volume 6.4 times its 30-day average.
- Among analysts tracking RVNL, one recommends 'buy', one suggests 'hold', and another advises 'sell', with an average 12-month consensus price target indicating a downside of 41.2%.