Rail Vikas Nigam Limited (RVNL) is a leading infrastructure development company in India that has been making waves in the stock market lately. As we head into the trading session on Monday, September 16, 2024, let’s take a closer look at RVNL’s share price prediction and the latest market updates.
Main Points
According to the latest analysis, RVNL’s share price is expected to trade in the range of ₹514 to ₹604, with a predicted target of ₹559 for tomorrow. The stock has been showing a bullish trend, and analysts are optimistic about its future performance.
Short-term Price Targets for RVNL
In the short term, RVNL’s share price is expected to reach the following targets:
- Tuesday, July 23: ₹643 (max ₹694, min ₹592)
- Wednesday, July 24: ₹611 (max ₹660, min ₹562)
- Thursday, July 25: ₹615 (max ₹664, min ₹566)
- Friday, July 26: ₹609 (max ₹658, min ₹560)
Mid-term Price Targets for RVNL
Looking ahead to the next two weeks, RVNL’s share price is expected to reach the following targets:
- Monday, August 5: ₹660 (max ₹713, min ₹607)
- Tuesday, August 6: ₹693 (max ₹748, min ₹638)
- Wednesday, August 7: ₹696 (max ₹752, min ₹640)
- Thursday, August 8: ₹706 (max ₹762, min ₹650)
- Friday, August 9: ₹699 (max ₹755, min ₹643)
Long-term Price Targets for RVNL
In the long term, RVNL’s share price is expected to reach the following targets:
- By the end of 2026, the stock is expected to reach a minimum of ₹1,496 and a maximum of ₹2,042, with a close of ₹1,891 (a 356% increase from the current price).
- By the end of 2027, the stock is expected to reach a minimum of ₹1,572 and a maximum of ₹2,718, with a close of ₹2,517 (a 507% increase from the current price).
- By the end of 2028, the stock is expected to reach a minimum of ₹2,222 and a maximum of ₹3,261, with a close of ₹2,484 (a 499% increase from the current price).
RVNL’s Recent Performance and Market Updates
RVNL has been performing exceptionally well in the market recently. The stock has gained over 61% in the last three months and 218% in the last year. The company has also reported strong financial results, with a 33.16% increase in consolidated net profit in Q4 FY24.
RVNL has also been winning several major contracts, including a ₹160.08 crore project from East Coast Railway to install an automatic block signaling system in Odisha. The company has also secured orders worth ₹438 crore from Bangalore Metro Rail Corp and Central Railway
Disclaimer: The information given in this article is from investment experts and brokerage companies, they do not represent Local Haryana. Before taking any investment related decision, you must consult a certified expert.
