Rail Vikas Nigam Share Price 6.66% Today:- Latest Updates
Rail Vikas Nigam Limited (RVNL) has seen a notable surge in its share price today, reflecting a positive trading sentiment. As of May 21, 2024, rail vikas nigam share price have risen by 6.66%, closing at ₹319.6 per share, up from the previous close of ₹299.65. Investors are advised to keep a close watch on the stock’s performance in the coming days and weeks to gauge its response to the current market trends.
rail vikas nigam share price overview
At the opening bell, Rail Vikas Nigam share price was ₹302.1. It fluctuated between a high of ₹305 and a low of ₹298 before closing at ₹290.75 on the last trading day. The company’s market capitalization stands robust at ₹62,477.63 crore. Notably, the 52-week high and low for the stock are ₹345.6 and ₹110.5, respectively. The volume of shares traded on the BSE today was 482,844.
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Significant Price Movement
Rail Vikas Nigam share price today reached ₹319.6, surpassing a critical daily resistance level of ₹310.8. This breach suggests heightened buying interest, indicating a potential for further price escalation.
Annual Performance Analysis
Over the past year, Rail Vikas Nigam share price has seen a remarkable increase of 157.92%, now trading at ₹314.55. During the same period, the Nifty index has risen by 22.87% to 22404.55.
Price Analysis Over Different Time Periods
| Time Period | Price Change |
|---|---|
|
1 Week |
17.18%
|
|
3 Months |
16.53%
|
|
6 Months |
79.62%
|
|
Year-to-Date (YTD) |
65.08%
|
|
1 Year |
157.92%
|
Key Support and Resistance Levels
For those analyzing technical trends, the key support and resistance levels for Rail Vikas Nigam on a daily timeframe are derived from classic pivot tables.
Support and Resistance Levels
| Resistance Levels | Price | Support Levels | Price |
|---|---|---|---|
|
Resistance 1 |
₹303.8 |
Support 1 |
₹296.8
|
|
Resistance 2 |
₹307.9 |
Support 2 |
₹293.9
|
|
Resistance 3 |
₹310.8 |
Support 3 |
₹289.8
|
Analyst Recommendations
Current consensus among analysts rates Rail Vikas Nigam as a “Hold”. The median price target is ₹233.0, which is 22.24% lower than the current market price. The lowest target price among analysts is ₹130.0, while the highest is ₹248.0, indicating a cautious outlook for the next year.
Analyst Rating Trend
| Rating | Current | 1 Week Ago | 1 Month Ago | 3 Months Ago |
|---|---|---|---|---|
|
Strong Buy |
0 |
0 |
0 |
0 |
|
Buy |
0 |
0 |
0 |
0 |
|
Hold |
2 |
2 |
2 |
2 |
|
Sell |
0 |
0 |
0 |
0 |
|
Strong Sell |
0 |
0 |
0 |
0 |
Trading Volume Insights
Yesterday’s trading volume for Rail Vikas Nigam share price was notably lower than the 20-day average. The NSE volume was 10 million shares, and the BSE volume was 482,000 shares, representing a 22.66% decrease from the average.
Technical Outlook for rail vikas nigam limited
Rail Vikas Nigam’s technical indicators suggest a bullish outlook in the near term. Yesterday, the stock traded within a range of ₹305 to ₹298, closing at ₹290.75. The positive trend indicates strong market confidence in the company’s performance.
Investors should continue to monitor Rail Vikas Nigam share price closely, considering the current bullish trend and potential for further price increases. The stock’s performance relative to its peers and overall market indices also provides valuable insights for making informed investment decisions.
