Rail Vikas Nigam Limited (RVNL) shares closed at ₹554.85 on July 26, 2024, with a trading volume of 11,846,225 shares. The stock opened at ₹583.50 and reached an intraday high of ₹583.50 and a low of ₹553.40.
RVNL is an infrastructure company that specializes in the development of railway projects in India. The company has been actively involved in the construction of new railway lines, gauge conversion, and doubling of existing tracks.
According to historical data, RVNL’s share price has been on an upward trend in recent months. On June 26, 2024, the stock closed at ₹409.10, and by July 26, 2024, it had reached ₹554.85, representing a significant increase of 35.6%.
The recent surge in RVNL’s share price can be attributed to several factors, including the company’s strong financial performance and the government’s focus on infrastructure development in the country.
In a recent development, RVNL announced that it had secured an order worth ₹132.59 crore from Central Railway. The project involves the construction of a third line between Pune and Lonavala, which is expected to ease congestion on the existing routes.
Analysts believe that RVNL’s share price has the potential to reach higher levels in the coming years. According to a report by Fincopanda, RVNL’s share price target for 2026 is estimated to be between ₹1,088.04 and ₹1,167.20.
The report also suggests that RVNL’s share price may reach ₹2,138.19 by the end of 2031 and ₹2,907.31 by the end of 2035, assuming favorable market conditions.
However, it is important to note that these price targets are based on estimates and may change due to market fluctuations, volume shifts, and market cycles. Investors are advised to conduct their own research and consult with financial advisors before making investment decisions.
