RAIL VIKAS NIGAM LTD. (RVNL)

Quick analysis of the company

COMPANY ANALYSIS

Lillaney

4/25/20231 min read

RAIL VIKAS NIGAM LTD. RVNL
RAIL VIKAS NIGAM LTD. RVNL

Rail Vikas Nigam Ltd. hit a 52 week high today on huge volumes. We did a quick analysis of the company to check how its fundamentals were and what was the reason for the sudden demand?

Its latest quarter results earnings were 60% more than the earnings in the same quarter last year.

Its annual earnings have more than doubled in the last 4 years which indicates a growth in earnings of more than 18%.

The reason it hit a new high today after a consolidation of a few months seems to be an expected order in the near future due to Vande Bharat trains.

The shares outstanding seems to be small which led to a price increase of more than 10% on the favourable news.

Institutions seem to be lapping up the shares as the market conditions improve and the FED is expected to be dovish in the next meeting which is due in the first week of May.

Lets see how the stock behaves going forward.