Rail Vikas Nigam Ltd. shares are trading up more than 2%, having recovered strongly from Thursday’s session lows ahead of the company’s June quarter earnings announcement.
The stock is flat for the last month and down 4.5% for the month of August ahead of the results announcement. After five months of gains in a row, the stock is seeing its first monthly decline.
RVNL’s stock had increased by 44% in July, 9% in June, 33% in May and 13% in April.
This year, the value of the railway PSU has already tripled. On July 15, it reached a record high of ₹647 before declining to the most recent low of ₹542. In 2024, the stock has still increased by around 220%.
As of 12:30 pm, RVNL shares were trading 2.12% higher at Rs 577.80 on the NSE.
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