New Delhi: The share price of Rail Vikas Nigam Limited (RVNL) and Indian Railway Finance Corp Ltd has significantly fallen in the recent months. The two Railway PSU stocks are considered to be multibaggers and hot favourites of the investors.
RVNL share price target
Commenting on the RVNL stock, Rachna Vaidya, associated as an analyst with Rachnavadya.in, said that the level of Rs 340 is an important support in itself for the counter. As the stock is still weak, the stock is not getting that much support. The expert suggested investors buy the stock at current levels. If someone wants to average out, then this is a good level for those who purchased the stock above the mentioned-level. If investors purchase the scrip at Rs 340, then the Stop Loss should be maintained at Rs 320.
In its third quarter of 2024-25, Rail Vikas Nigam Limited posted a net profit of Rs 311 crore. However, this is 13 percent less than the profit of Rs 359 crore recorded in the same quarter of 2023-24. RVNL also mentioned that it spent on a project executed by the company’s joint venture Krishnapatnam Railway Company Limited (KRCL). Notably, KRCL did not make the payment as per the terms of the agreement and is yet to pay Rs 1,441 crore to the Railway PSU by December 31, 2024.
IRFC share price target
Mr. Anshul Jain, Head Of Research, Lakshmishree Securities, said IRFC share has a major support at Rs 116. From here the stock can bounce up to the level of Rs 140, the expert projected. However, Jain cautioned that the stock seems to be dropping down to Rs 90. It is possible that this stock may go below Rs 90, he added.
At the time of writing the article, IRFC shares were trading at Rs 119.43 apiece on February 18, 2025. The Railway stock has declined by more than 23 percent in the last one year. This stock has fallen by more than 32 percent in six months. This stock has fallen 16 percent in a month and about five percent in the last five days.
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RVNL and IRFC share price target: The Railway PSU stocks have given huge returns to the shareholders in the past. However, ever since the stock market has been on a correction mode, the counters have fallen significantly. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
