RVNL Share Price: Shares of Rail Vikas Nigam Limited fell more than 8% in early trade today, January 13. The shares of this company owned by the Government of India have been falling continuously for the last 3 days. The ongoing selling in midcap and smallcap segments is having a significant impact on this stock. With today’s fall, RVNL shares are now down about 45 percent from their all-time high of Rs 647. RVNL shares had touched this level in August last year.
In the month of January alone, RVNL shares have fallen by about 14 percent. If this trend continues, it will be the 5th consecutive month when the stock will give negative returns. The returns of this stock were negative in the last 4 months of the year 2024. Apart from this, this will be the first time since the listing of RVNL that the share has given negative returns for 5 consecutive months.
If we talk about the technical chart of the stock, the stock is in the ‘oversold’ zone and its Relative Strength Index (RSI) is 20. If a stock’s RSI is below 30, it is considered a sign that it is in the ‘oversold’ zone.
However, despite such a decline and the stock being in the oversold zone, RVNL shares are still trading above its historical average multiple. RVNL shares are currently trading at 42.77 times FY26 price-to-earnings multiple. At the same time, its 5-year average price-to-earnings multiple is only 12 times.
RVNL is yet to release its December quarter shareholding pattern. According to the data till September quarter, the Government of India has about 72 percent stake in this company. Currently only 3 analysts are covering this stock. Of these, one analyst has advised to buy, one to sell and one to hold.
Around 2 pm, RVNL shares were trading at Rs 360.40, down 8.37 per cent on the NSE. Its price has fallen by about 23 percent in the last one month.
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