Rail Vikas Nigam shares rose 1.11%
Business: Rail Vikas Nigam Share Price Today: 27 September. At 2:01 pm, shares of Rail Vikas Nigam are trading at ₹527.45, up 1.11% from its previous close price. Sensex is trading at ₹85,678.62, down -0.18%. The stock touched a high of ₹530.8 and a low of ₹522.05 during the day.
Technically, the stock is trading above its 100,300-day SMA and below its 5,10,20,50-day SMA. The stock finds support at 100,300-day SMA and faces resistance at 5,10,20,50-day SMA. The SMA values for the stock are shown below: Daily Simple Moving Average 5,528.30 10,535.31 20,558.54 50,569.93 100,480.15 300,357.48 Classic pivot level analysis shows that the stock is rising on the daily time frame at ₹528.57, ₹535.03 and ₹53 5.03. There are also crucial resistance levels at Rs 540.57 as well as crucial support levels at Rs 516.57, Rs 511.03 and Rs 504.57. As of 2:00 PM today, the trading volume of Rail Vikas Nigam on NSE and BSE has decreased by -79.59% as compared to the previous trading session. Apart from price, trading volume is an important indicator to study trends. Positive price movement on high volume indicates continuation of the bullish trend, while negative price movement on high volume may indicate further price decline.
Overall, the stock is showing signs of reversal after a strong uptrend, according to Mint’s technical analysis.
From a fundamental perspective, the company’s return on equity is 19.69%. The current P/E ratio of the stock is 74.88.
This stock has a 1-year average growth forecast of 21.13% with a target price of £416.00. As per June quarter data, the company has 72.84% promoter stake, 6.55% MF stake and 3.13% FII stake.
MF ownership increased from 6.08% in March to 6.55% in the June quarter. FII stake increased from 2.32% in March to 3.13% in the June quarter. Rail Vikas Nigam share price today gained 1.11% and is currently trading at ₹ 527.45, while its peers are in the red. Overall, benchmark indices Nifty and Sensex fell -0.05% and -0.18%, respectively.
