Rail Vikas Nigam Ltd (RVNL) Shares: Price, Trends & Future Predictions

Rail Vikas Nigam Limited (RVNL), a public sector enterprise under the Ministry of Railways, has seen its share price surge significantly over the past year. With strong fundamentals and growth prospects, RVNL shares seem poised for further upside.

Rail Vikas Nigam Current Share Price Today

As of January 20, 2024, the current share price of Rail Vikas Nigam Limited (RVNL) stands at Rs 320. This marks a substantial increase from the 52-week low of Rs 56.05 hit on March 1, 2023.

What is the 52-week High and Low for Rail Vikas Nigam Ltd Shares?

RVNL shares have seen significant volatility over the past year. The 52-week high for the shares was Rs 320.35, reached on January 20, 2024. In contrast, the 52-week low was Rs 56.05 on March 1, 2023. This range indicates the stock’s price fluctuation over the past year.

According to a report by HDFC Securities, RVNL is a project executing agency working for and on behalf of the Ministry of Railways which is likely to play a key role in the development of railway infrastructure in India.

Rail Vikas Nigam Ltd Share Price Target 2024

While an explicit target for 2024 is not available, RVNL shares have already clocked impressive gains, rising over 600% in the last two years. With strong fundamentals, the uptrend is expected to continue in 2024 as well.

What is the Highest Share Price Target for Rail Vikas Nigam Ltd in 2024?

The highest share price touched by RVNL in the past 52 weeks was Rs 292.30. With the robust order book and growth prospects, the stock seems poised to surpass this level in 2024.

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What is the Lowest Share Price Target for Rail Vikas Nigam Ltd in 2024?

The lowest price target for RVNL in 2024 stands at INR 152.67, about 25% lower than current levels. However, given the positive outlook, the stock seems unlikely to hit this low target.

Rail Vikas Nigam Limited (RVNL) Share Info

Rail Vikash Nigam Limited is an Indian company that operates in the infrastructure sector, focusing on railway projects. As of January 20, 2024, the latest available information about RVNL’s share market is as follows:
Market Cap: ₹46,016 Cr
ROE: 18.70%
P/E Ratio (TTM): 31.13
EPS (TTM): 7.09
P/B Ratio: 5.82
Dividend Yield: 0.97%
Industry P/E: 30.41
Book Value: 37.93
Debt to Equity: 0.76
Face Value: 10
NSE Symbol: RVNL
Please note that these figures are subject to change, and it is recommended to check the latest data from reliable financial websites for the most up-to-date information.

How Has the Share Percentage of Promoters in RVNL Changed Over the Past 5 Years?

The promoter shareholding in RVNL has remained stable at around 72.84% over the last 5 years. This indicates continuity in the controlling stake.

What is the Future Outlook for RVNL Stock

RVNL shares seem to have strong growth potential, with analyst targets ranging from Rs 184.20 to Rs 513.66 in the coming years. The company’s rising order book, strong execution capabilities, and diversification bode well for the future.

What are the Risks Associated with Investing in RVNL Shares?

While the growth prospects seem positive, investing in RVNL shares also carries certain risks. These include dependence on government policies, delays in payment, rising costs, execution capabilities, debt management, and general market risks.

In summary, RVNL shares have seen robust growth driven by strong fundamentals and industry tailwinds. While some risks exist, the long-term growth story seems intact. Investors should continue monitoring operational performance and financial metrics.

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