highlights
This stock is up 73 percent in one month.
So far in 2023 there has been a 90 percent increase.
This stock is up 65 percent in just two weeks.
Multibagger Bearing : Today’s decline in the market hasn’t slowed the long-galloping growth in Multibagger Stock Rail Vikas Nigam (RVNL Share) stock. On Wednesday, RVLL shares closed at Rs 130.10 (RVNL share price today) up 9.97 percent. This is the stock’s new 52-week high. Analysts now advise against buying this stock, which is up 294 percent in one year. Analysts believe that investors should book profits at these levels now and employ the buy on dip strategy.
Rail Vikas Nigam stock is up around 14.78 percent over five trading sessions. This stock is up 73 percent in one month, so this stock has given investors a 182 percent return over the last six months. At the same time, this multibagger stock has gained around 90 percent so far in 2023. Rail Vikas Nigam This company is engaged in work on railway projects. Including the construction of new lines, doubling, railway electrification, subway projects, construction of large bridges, workshops, cable-stayed bridges and institutional buildings.
Also read this – Multibagger Stock: Rs 1 lakh made Rs 10 crore, 3 brokers gave a buy rating on this stock, check target price
Analyst said – it is not right to buy now
According to a report in Business Today, technical analysts say buying Rail Vikas Nigam Limited is not profitable at these levels. Osho Krishna, Senior Analyst, Technical and Derivative Research, Angel One, says the stock is up 65 percent in the last two weeks alone. It is currently at a new high and has entered overbought territory. A further decline cannot therefore be ruled out.
Vaishali Parekh, Vice President, Technical Research, Prabhudas Lilladher also says the stock is now in overbought territory. If there is a correction in this stock and it reaches the Rs 100 level, a buy will be made in it. Investors should hold a stop loss of Rs.84.
Pravesh Gaur, senior technical analyst at Swastik Investmart, says investors should adopt the buy-on-dip strategy to buy shares of Rail Vikas Nigam. The stock has formed a base near Rs 100 and at this level it is a strong support in case of a correction.
Jigar S. Patel, Senior Manager, Technical Research Analyst, Anand Rathi Shares & Stock Brokers says that shares in Rail Vikas Nigam Limited are not a good buy at current levels. Investors should wait now. If this stock trades at Rs 90 then this stock should be added to the portfolio for the long term.
(Disclaimer: The stocks mentioned here are based on the advice of the brokerage houses. If you are interested in investing in any of these stocks, consult a certified investment adviser first. News18 is not responsible for your gain or loss of any kind. Will happen. )
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Keywords: Business News in Hindi, Money making tips, Multibagger Stocks, stock market, stock tips
FIRST RELEASED : May 04, 2023 at 6:50 p.m
