This railway firm is now a Navratna PSU; stock has doubled investors' money in one year
RVNL share price NSE: Rail Vikas Nigam Ltd (RVNL) announced that the railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna amongst the CPSEs.
RVNL share price NSE: Rail Vikas Nigam Ltd (RVNL) announced that the railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna amongst the CPSEs. RVNL is a Ministry of Railways CPSE with an annual turnover of Rs. 19381 crores and net profit of Rs. 1087 crore for the year 2021-22.
Meanwhile, RVNL shares continued to face selling pressure on Thursday on the bourse. The counter ended at Rs 103, down by 1.58 per cent or Rs 1.65 on NSE.
RVNL share price target: Should you buy, sell or hold?
Market expert Vikas Sethi of Sethi Finmart is bullish on the counter. He recommended fresh buying only after the stock consolidates. He recommended shareholders 'hold' the stock in the portfolio.
RVNL share price: Historical performance
The stock has doubled investor's money in a span of one year. The stock has given a multi-bagger return of over 200 per cent of its value in the last year, a period in which headline index Nifty50 has gained nearly 5 per cent.
Catch latest stock market updates here. For all other news related to business, politics, tech, sports and auto, visit Zeebiz.com
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.
RECOMMENDED STORIES
Senior Citizen Latest FD Rates: Know what major banks like SBI, PNB, Canara Bank, HDFC Bank, ICICI Bank are providing on fixed deposits
Gratuity Calculator: Rs 38,000 as last-drawn basic salary, 5 years and 5 months of service; what will be gratuity amount?
Top 5 Small Cap Mutual Funds with best SIP returns in 1 year: See how Rs 25,000 monthly investment has grown in each scheme
Top 7 SBI Mutual Funds With Best SIP Returns in 1 Year: Rs 25,000 monthly SIP investment in No.1 fund has jumped to Rs 3,58,404
03:53 PM IST