The Indian Stock Market closed with a downtrend on 28th March, Friday. Since then RVNL Share Price has been in the news as it’s fluctuated even after securing a big order and Letter of Acceptance from the Arunachal Pradesh Government. How will the stock perform? Let’s find out expert recommendations.
RVNL Share Price in Today’s Market
As of today, RVNL’s Share Price is at Rs 351.85 which is down by 0.79% from the last opening price. The UC limit is standing at Rs 425.55 and the LC limit is at Rs 283.75. The current market capitalization of the company is Rs 73,661 crore.
Company Financial
Railway Vikas Nigam Limited has already reported its third quarter financial reports. It shows Rs 311.6 Crore net profit in last quarter. Which has declined by 13.1% compared to the same period last year.
Recent news of RNVL
- Recently RVNL has emerged as the lowest bidder for the Central Railway project at Rs 115 Crore. This has influenced the interest of investors.
- The company has received a Letter of Acceptance for Rs 555 Crore project in Andhra Pradesh.
- Despite the new order, the stock is facing downward pressure as the quarterly earnings are not up to the expectations of the analysts.
RVNL Share Target Price
There are multiple targets set by various analysts. Some suggest stock prices could hit Rs 390.74 to Rs 505.76 by the end of 2025. On the other hand, some suggest it could go between Rs 274.40 to Rs 341.25.
Recommendation on Buy or Sell
As per the current market conditions, analyst suggests investors be cautious with RVNL Shares. On moneycontrol, all analysts suggest selling RVNL Stocks. Also, on trendline Consensus suggests selling these stocks.
