Shares of the PSU company surged 22.17% in three trading sessions from its previous closing low of Rs 57.95 on 22 November 2022. The stock hit its 52-week high of Rs 71.50 today. The counter has zoomed 144.14% from its 52-week low of Rs 29 hit on 29 February 2022. On the BSE, 18.19 lakh shares were traded in the counter so far compared with average daily volumes of 45.63 lakh shares in the past two weeks. The stock hit a high of Rs 71.5 and a low of Rs 67.7 so far during the day. The stock had outperformed the market over the past one month, rising 79.47% compared with 4.39% rise in the Sensex. The scrip outperformed the market in past one quarter, surging 124.41% as against Sensexs 5.76% rise. The counter had also outperformed the market in past one year, jumping 93.97% as against 5.72% increase in Sensex. On the technical front, the stocks daily RSI (relative strength index) stood at 76.831. The RSI oscillates between zero and 100. Traditionally the RSI is considered overbought when above 70 and oversold when below 30. In daily chart, the stock is trading above its 50, 100 and 200 days simple moving average (SMA) placed at 43.06, 37.25 and 34.94 respectively. These levels will act as crucial support zones in near term. On a consolidated basis, the companys net profit rose 36.52% to Rs 381.22 crore on 21.94% increase in net sales to Rs 4,908.90 crore in Q2 FY23 over Q2 FY22. RVNL is a Category-I MiniRatna CPSE under the Ministry of Railways, Government of India. RVNLs mandate includes mobilization of extra budgetary resources through a mix of equity, and debt from banks, financial institutions, multilateral agencies like Asian Development Bank and bilateral agencies for project execution through PPP by formation of project specific SPVs for Port and Hinterland connectivity. RVNL can enter into and carry on business relating to creation and augmentation of capacity of rail infrastructure on fast track. As on 30 September 2022, the Government of India holds 78.20% stake in the company. Powered by Capital Market - Live News
Related Tags
IIFL Customer Care Number
(Gold/NCD/NBFC/Insurance/NPS)
1860-267-3000 / 7039-050-000
IIFL Securities Support WhatsApp Number
+91 9892691696
www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.
Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248
This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.