te This railway firm is now a Navratna PSU; stock has doubled investors' money in one year | Zee Business

This railway firm is now a Navratna PSU; stock has doubled investors' money in one year

RVNL share price NSE: Rail Vikas Nigam Ltd (RVNL) announced that the railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna amongst the CPSEs. 

This railway firm is now a Navratna PSU; stock has doubled investors' money in one year
RVNL share price NSE: Rail Vikas Nigam Ltd (RVNL) announced that the railway PSU has been upgraded to Navratna CPSE. Image: Pixabay

RVNL share price NSE: Rail Vikas Nigam Ltd (RVNL) announced that the railway PSU has been upgraded to Navratna Central Public Sector Enterprise (CPSE). RVNL will now be the 13th Navratna amongst the CPSEs. RVNL is a Ministry of Railways CPSE with an annual turnover of Rs. 19381 crores and net profit of Rs. 1087 crore for the year 2021-22.

Meanwhile, RVNL shares continued to face selling pressure on Thursday on the bourse. The counter ended at Rs 103, down by 1.58 per cent or Rs 1.65 on NSE. 

RVNL share price target: Should you buy, sell or hold? 

Market expert Vikas Sethi of Sethi Finmart is bullish on the counter. He recommended fresh buying only after the stock consolidates. He recommended shareholders 'hold' the stock in the portfolio. 

TRENDING NOW

RVNL share price: Historical performance

The stock has doubled investor's money in a span of one year. The stock has given a multi-bagger return of over 200 per cent of its value in the last year, a period in which headline index Nifty50 has gained nearly 5 per cent. 

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Written By: ZeeBiz WebTeam
Updated: Thu, Apr 27, 2023
03:53 pm
New Delhi, ZeeBiz WebDesk
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