RVNL share price target: ₹297 Railway Sector stock RVNL started gaining momentum after hitting as low as ₹265.15 and Today’s high ₹309.80.RVNL got upper circuit at ₹332.10 and lower circuit at ₹271.75.
Technical Analysis of RVNL:
Previous PIVOT Points: 303.28
- Resistance 1: Rs. 308.47 and Support 1: Rs. 296.77
- Resistance 2: Rs. 314.98 and Support 2: Rs. 291.58
- Resistance 3: Rs. 320.20 and Support 3: Rs. 285.07
Moving average bullish12 (SME)
Thursday Open Price: ₹300. Closing Price ₹301.95. 52-weeks High: ₹345.50. 52-weeks low ₹56.05. RVNL share price Target Monday. May Open- Between Rs. 295 and Rs. 315.00
RVNL Shares Price Target Tomorrow | Best Buy | Stop Loss |
1st Target (Day’s Low) | ₹295.15 to 295.25 | Rs. 293 |
2nd Target | ₹295.35 to 295.50 | Rs. 293 |
3rd Target | ₹295.75 to 296 | Rs. 293 |
4th Target | ₹296.50 to 296.75 | Rs. 293 |
5th Target | ₹297 to 297.50 | Rs. 293 |
6th Target | ₹298.01-298.45 | Rs. 294 |
7th Target | ₹299.25-299.95 | Rs. 294 |
8th Target | ₹300-301.0 | Rs. 295 |
9th Target | ₹301.25-301.75 | Rs. 295.50 |
10th Target | ₹301.90-302 | Rs. 295.50 |
11th Target | ₹302.25-302.75 | Rs. 296 |
12th Target | ₹303 | Rs. 296 |
Table of Contents
RVNL Share Price Targeting:
- Sector: Cement and Construction
- Industry: Construction and Engineering
RVNL Stock Performance Saturday:
- Open Price: Rs. 245.75 in NSE
- Open Price: Rs. 246.75 in BSE
- Close Price Rs. 320.75 (Weekend High)
RVNL Share Circuits:
- Lower Circuit: Rs. 288.70
- Upper Circuit: Rs. 352.80
If RVNL opens between the range of lower circuit and upper circuit, new entry may be proved good.
RVNL Share Price Target for Tuesday
- May Open- Between Rs. 290 and Rs. 320 (Best for buying)
Check Here to read about the IRFC Share Price Prediction for Tuesday (23.01,24)
RVNL has been skyrocketing from last 1 year. The stock was at Rs.75.45 on 24th January, 2023 and the same RVNL stock has already surged 320.68% since 24th January 2023 till date. Early investors are extremely satisfied with the return of the RVNL stock.
10 strong reasons why you should buy IRFC share right now or it will be too late to buy
Let’s discuss some key points of RVNL shares and try to understand whether new investors make new entry in RVNL this multi-bagger stock. RVNL is getting multi bagger Indian Railway Penny stocks in 2023-2024. Targeting up to Rs. 600 in the end of the 2024, RVNL share is getting the BEST 1 in Indian stock Market.
Almost everyone who keep tracking this stock for long is waiting to see what the new 52 weeks high the stock will hit on Tuesday (23rd January, 2024.). For more clarity, please read this post below.
Check RVNL share price LIVE Today
#1 RVNL Shares Return
- Last 1 Month Return: 81.09% profit
- Last 3 month return: 103.07% profit
- Last 6 months return: 135.99% profit
- Last 1 Year Return: 320.68% profit
#2 RVNL Peer Comparison
- IRFC Ltd
- IRCON International
- SJVN
- NBCC(India) Ltd
- Sterling and Wilson Renewable Energy Ltd
- Infibeam Avenues Ltd
- Etc.
#3 RVNL Fundamentals
Insights will surely help you understand the recent movement of the company’s critical parameters, providing you an overall view of the Railway stock company.
Positive Impact:
- Best in 3 years: In the last 3 years, RVNL has outperformed top performing 5 stocks with highest market-cap in construction and engineering.
- Profit Spike: Net profit is up for the last 2 quarters with an average increase of 13% per quarter.
- FII Holding: Foreign Institutional Investors have increased holding from 2.32% to 2.59% in the last quarter 2023.
- Mutual Fund Holding: MFs have increased holdings from 0.13% to 0.14% in the last quarter of 2023.
- Price Rise: RVNL shares has shown a 1585% Price hike satisfactory price rise since its incorporation.
- 52 Weeks Low: Rs. 56.05
- 52 weeks high: Rs. 320.35
- Volume on 20th January: 5,43,25,810
- Upper Circuit: Rs. 352.35
Negative Impact:
- Revenue Fall: Revenue of RVNL is down for the last 3 quarters with an average decrease of 6.5% per quarter.
- Retail Holding Down: Retail Investors have decreased holdings from 19.01% to 18.48% in the last quarter of 2023.
NO effect:
- IRCON International Ltd, in last year, outperformed RVNL by 23.4%
- Promoters Holdings remained unchanged
#4 RVNL stock price Prediction for Tuesday (23rd January, 2024)
- Tuesday: Rs. 290.00
- Wednesday: Rs. 280.00
- Thursday: Rs. 271.00
- Friday: Rs. 275.00
- So on….
#5 RVNL stock’s Scorecard and Analysis
- According to stock screeners RVNL stock price return has been average.
- Overvalued vs the market average
- Stock is lagging behind the market in financial growth
- New entry point is not recommended at all because the stock is overpriced and over bought zone.
#6 Should you buy RVNL now?
If you can hold the stock for long term (for 2 to 5 years) you can make new entry. But don’t invest all of your capital. Averaging in this stock is highly recommended.
Final thought:
Though analysts advised that the stock has gone in overpriced and overbought zone. Retail investors has shown maximum interest in this stock and invested their money in RVNL and IRFC share. This stock has been bought and sold in Intraday trading also.
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