Rail Vikas Nigam Limited (RVNL) shares are poised for upside, according to SEBI-registered analyst Gaurav Narendra Puri.
With the current market price (CMP) at ₹410, Puri has set target prices at ₹435, ₹460, and ₹480 over a one-month horizon, recommending a stop-loss at ₹390.
At the time of writing, RVNL shares were trading at ₹406.40, down 1.37% or ₹5.65.
Fundamentally, RVNL demonstrates strength with a rising book value over the past three years, a solid return on equity of 15.13%, and consistently increasing EBITDA and annual net profit.
The promoter holding stands at a healthy 72.8%, adding confidence to the stock’s outlook.
From a technical standpoint, the stock shows bullish momentum with a relative strength index (RSI) above 60 and strong support at the 20-day exponential moving average (EMA).
Price action indicates support levels visible on charts, and RVNL has exhibited notable strength and volume in the last four trading sessions.