How RVNL Shares Delivered A 1000% Return In 3 Years! Discover The Reasons Behind The 15% Surge.

 

Shares of Rail Vikas Nigam Ltd (RVNL) shot up over 15% on Tuesday following the announcement of a significant order worth Rs 148.27 crore from South-Eastern Railways. The stock opened at Rs 303.30 made a low of 301. 00 and made a high of Rs. 345.90 on the NSE Increasing by over 15 per cent. RVNL, with a market capitalization of Rs 70,765.58 crore reached its 52 - week high, it also has a 52-week low of Rs 110.60.

RVNL has emerged as a top-performing PSU stock, delivering stunning returns. Over the past three years, the stock has soared by more than 1000%. In just two years, RVNL's share price has increased by over 967%, and in the last year alone, it has risen by 192% which is really exceptional. This year, the stock has already gained approximately 86%, showcasing its strong growth potential.

Rail Vikas Nigam Limited (RVNL) reported consolidated revenue of Rs 6,714 crore for the January-March quarter, marking a 17.4% increase. The company's EBITDA grew by 21.8% to Rs 456 crore.

RVNL's profit after tax (PAT) surged by 33.2% to Rs 478.6 crore, with the profit margin rising from 6.6% to 6.8%.

The company has announced a dividend of 21.10%, which equals Rs 2.11 per share as per face value.

 

As per stock exchanges notification, we have come to know that RVNL has got an order from SER (South Eastern Railway) worth Rs. 148 crore which has to be finished within 18 months.

 

The order includes the upgrading the electric traction system from 1×25 KV to 2×25 KV for the route of Kharagpur- Bhadrak railway section. It comprises of designing, testing, supplying, making and putting it all together. 

Technical analysis of RVNL share price:

As per daily chart of RVNL, we can see that it has made a high of Rs. 345.90 on Tuesday, which is its 52- week high as well as strong resistance as per the above chart. Now, investors should monitor the next few candles how they are formed. If the share faces resistance at this level and selling pressure emerges due to profit taking, then it may move downward. The immediate support is at 290 level of RVNL which if broken we can see some lower levels. If it gives a closing above 345 level with high volume and trade decisively, then we may see a good upward move in the stock. Those who have already been invested can keep a trailing stop loss. But no fresh buying is recommended at this level until or unless it gives a convincing breakout above its all – time high of Rs. 345.9 with high volume. This is our own analysis, you can do your own.

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