RVNL Share: The company whose share had created a storm in the stock market during the last year is now witnessing a decline.
We are talking about Rail Vikas Nigam(NSE: RVNL). The company’s shares have seen a decline on Friday as well.
In such a situation, the question arises whether the shares of Rail Vikas Nigam will be able to gain momentum again or not?
Shares Fell By 4.5%
Rail Vikas Nigam’s share opened with a huge decline in NSE on last trading day. After opening at Rs 538, the price of this government railway stock fell by 4.5 percent to Rs 514.
The company’s share has been witnessing a decline for the last few days. The reason is thought to be due to weak quarterly results.
Experts See A Golden Opportunity
However, even after this, experts are confident that this is a good opportunity for long-term investors.
Experts believe that due to the Lok Sabha elections, the first quarter has not been great for the company.
In such a situation, if an investor wants to invest money keeping the long term in mind, then this is a good opportunity for him.
Let us tell you, that since Wednesday, the share prices of Rail Vikas Nigam have seen a decline of 9 percent.
A top brokerage says that the share of Rail Vikas Nigam is in the range of Rs 495 to Rs 590. If the company’s share falls below Rs 495, then it can fall further.
Investors who like high-risk can buy share of Rail Vikas Nigam. But keep in mind that this will be right only for long-term investors.
The Quarterly Results Were Not Very Good?
Talking about the results of Rail Vikas Nigam, the net profit of the company was Rs 224 crore in June 2024.
Last year, In the same quarter, the net earnings of the company was Rs 343 crore. Let us tell you, the revenue of the company from April to June has been Rs 4074 crore.
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