Shares of Rail Vikas Nigam Ltd (RVNL) experienced a significant surge in Monday’s trading session, reaching a one-year high level. The stock jumped 7.32 per cent, hitting a 52-week high of Rs 146.65 compared to the previous close of Rs 136.65.
RVNL has been a standout performer, classified as a “multibagger” counter due to its remarkable returns. The stock has gained approximately 111 per cent on a year-to-date (YTD) basis, indicating substantial growth in value for investors who held the stock during this period. Moreover, over the course of one year, RVNL has surged by an impressive 368 per cent, further contributing to its status as a multibagger.
Rail Vikas Nigam Ltd (RVNL) has taken a significant step in the railway industry by establishing a wholly-owned subsidiary company called ‘Kinet Railway Solutions Ltd.’ This new subsidiary is expected to play a key role in the railway sector, and its formation indicates RVNL’s commitment to expanding its operations and offering specialized services.
the average target price for the scrip of Rail Vikas Nigam Ltd (RVNL) is Rs 130. This target price indicates a potential downside of 9 per cent from its current trading level. It’s essential to note that target prices provided by analysts are estimates based on various factors, and actual market performance may differ.
Furthermore, RVNL’s one-year beta is 0.67, which indicates that the stock has exhibited lower volatility compared to the overall market. A beta of less than 1 suggests that the stock’s price movements have been less volatile than the market as a whole. Investors often consider beta as a measure of a stock’s sensitivity to market fluctuations. A beta below 1 indicates that the stock’s price tends to move less aggressively than the overall market, providing a relatively stable investment option.
