Railway PSU stock to buy: Brokerage suggests buying this multibagger stock for 2 months - Check stop loss

Railway PSU stock to buy: Domestic equities amid a drag in the global equities ended lower after a fourteen-day-long winning streak in Wednesday's session (September 4). At the close, Nifty ended near the 25,200 level at 25,198.7, down 0.32 per cent or 81.15 points. Meanwhile, the BSE 30-share Sensex ended lower by 0.25 per cent or 202.8 points at 82,352.64.

Amid this analysts have suggested buying a railway PSU stock for positional trading. The brokerage HDFC Securities has chosen the stocks to keep in their portfolio for two months.

Railway PSU stock to buy: RVNL Ltd Share Target Price (CMP Rs 592.70)

HDFC Securities has picked Rail Vikas Nigam Ltd and suggested buying for two months. Brokerage has given a 'buy' call on the firm with a target price of Rs 700, a potential upside of 18.10 per cent. The stop loss for the share is Rs 555.
Target Price: Rs 700
Stop Loss: Rs 555

RVNL's Performance: Multibagger Railway PSU Stock

Rail Vikas Nigam Ltd is one of the Railway PSU stocks that has given good returns to investors. The multibagger PSU stock has surged 283.94 per cent in one year and 2,329.51 per cent in five years. The counter has gained over 225.71 per cent so far this year. Over the last month, the stock has risen by 7.63 per cent, delivering a 144.40 per cent return over six months and approximately 2.38 per cent in the past five days. RVNL's 52-week high on the BSE is Rs 647, and its low is Rs 142.10. The company's market capitalization is Rs 1,23,558.29 crore.