Image Credit The Economic Times Hindi
Vikas Bagaria, founder of Chart N Trade, has recommended buying shares of Rail Vikas Nigam Limited at a target price of Rs 600.
The shares of Rail Vikas Nigam Limited, which gave a return of 1844 percent to the stock market investors from the low level of Rs 19.75 on 12 April 2019, are currently trading at Rs 384. On June 3, the shares of Rail Vikas Nigam Limited were at the level of Rs 32, which has made the investors rich by giving a bumper return of 1100 percent so far. On Friday, the shares of Rail Vikas Nigam Limited registered a slight weakness and it closed around the level of Rs 374 with a decline of ₹ 9. From the low level of Rs 118 on 2 June 2023 last year, the shares of Rail Vikas Nigam Limited have given a bumper return of 226 percent to the investors.
RVNL Share Price Today
Rail Vikas Nigam Limited is a PSU Railway company with a market cap of Rs 79,550 crore. The stock has a 52-week high of Rs 399.90 and a 52-week low of Rs 110.60. Vikas Bagadia, SEBI registered research analyst and founder of Chart N Trade has a buy call on Rail Vikas Nigam Limited with a target of Rs 600.
Entry Level in RVNL
Vikas Bagadia has said that entry can be made in the shares of Rail Vikas Nigam Limited between ₹ 277 to ₹ 300, whose first target can be ₹ 450, second target ₹ 500 and third target ₹ 600. Vikas Bagadia has advised to put a stoploss of ₹ 250 in the shares of Rail Vikas Nigam Limited, a major company working for the railways.
RVNL shares took support
Vikas Bagaria has said that the election results are about to come, and before that, the shares of Rail Vikas Nigam Limited have taken support on the weekly trend line. This stock has reached ₹ 400 from ₹ 255 in a few days. Technically, now buying can be seen in the stock at a price above ₹ 400. If the shares of Rail Vikas Nigam test the important support zone of Rs 328, then a bumper rise can be seen in it. Vikas Bagaria has said that you can earn good money by buying shares of Rail Vikas Nigam Limited.
Disclaimer: The above views and recommendations are those of individual analysts, experts, and brokerage firms, and not of The Brain Insider. We advise investors to consult certified experts before making any investment decisions.
