An analysts from Arihant Capital said that YES Bank is maintaining the lower top lower bottom formation which is sign of weakness on the daily charts.
IRCTC, Titagarh Rail, Ircon, RVNL, Texmaco Rail: Earnings of railway firms have been subdued this year with investor sentiment taking a hit due to disappointment in the Union Budget 2025 and weak sentiment in the broader market.
RVNL stock closed at Rs 333.40, rising 0.32% on Wednesday against the previous close of Rs 333.40 on BSE.
Brokerage firm Motilal Oswal has picked up three multibagger stocks- Tata Motors, CG Power and Rail Vikas Nigam which are on its radar on the technical charts.
The multibagger stock is likely to trade on weak note in the near term, say analysts.
The multibagger stock rose 913% in three years and gained 1465% in five years.
The RVNL stock jumped 1.4 per cent to touch the day’s high of Rs 317.35 on the BSE, over its previous close of Rs 312.80. At 9:42 am, RVNL shares were up 0.54 per cent at Rs 314.50.
Stocks including Regaal Resources, YES Bank, Hindustan Aeronautics, Aditya Infotech, NTPC Green, RVNL, Paytm, GNG Electronics and more will be in the spotlight on Wednesday, August 20.
Antique has revised its target price for RVNL to Rs 204, down from Rs 216, indicating a potential downside of 37% from the current stock price of Rs 323.15 apiece.
An analyst from Anand Rathi said that Suzlon is trading above its 50, 100, and 200-DEMA, indicating a strong underlying trend and formed a solid base in the Rs 60–64 zone.
A market expert highlighted RVNL's robust order book and strong earnings visibility, stating that long-term investors can continue holding the stock as the railway sector remains a promising theme.
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