Railway PSU stock to buy: Get up to 15% return in two months - Check stop loss by brokerage

Railway PSU stock to buy: The stock market is currently at an all-time high and has been rising continuously for 12 trading sessions. The market sentiment and momentum remain positive. Amidst this, HDFC Securities has advised to buy shares of RVNL. 

Railway PSU stock to buy: This is a PSU company which completes construction projects for the Indian Railways. The brokerage house said that investors can buy this stock for the next 2 months. This stock ended the last session at Rs 608.45. There is a continuous upward trend in this stock.

Railway PSU stock to buy: The stock of RVNL is witnessing a steady rise. Except for one day, this stock has been rising continuously since August 21. In this rise, it has increased from Rs 576 to Rs 608. This stock has given a return of 6.3 per cent in the last one week, about 7 per cent in two weeks, 58 per cent in three months, 150 per cent in six months, 235 per cent so far this year and 370 per cent in one year. The return in 2 years is 1750 percent.

Railway PSU stock to buy: The first target is Rs 645 and the second target is Rs 700. Let us tell you that on July 15, this railway stock had made a lifetime high of Rs 647.

Railway PSU stock to buy: HDFC Securities has advised to buy this railway PSU stock in the range of Rs 595-570. You can add it in the lower range. If it comes below that, keep a stop loss of Rs 555. 

Railway PSU stock to buy: In its report, the brokerage said that on the weekly time frame, this stock is trying to break out of the range. It has given a breakout above the range of Rs 600. If it stays above this level, a big uptrend can be seen. Momentum indicator RSI is also giving a positive indication. In such a situation, it can be a good pick for short-term investors.

Railway PSU stock to buy: The advice to invest in stocks here has been given by the brokerage house. These are not the views of Zee Business. Consult your advisor before investing.