RVNL - Bullish view - Price will move to 25RVNL - Bullish view - Price will move to 25, Accumulation zone - 18 to 20
RVNL trade ideas
Buy RVNLBy plotting Fibonacci we found that stock has a strong support @ 16.55 and stock is in reversal mood, even yesterday's candle was red but closed above day before yesterday's candle. It shows upward move. Hence, recommended to buy at LTP Rs. 17.30 for a short term target of Rs. 19 and 20. Time frame 7-10 days
Good PSU for long termAll PSU started their journey RVNL f\will follow soon wait for triangle break out or keep buying on every dips good luck
RVNL- breakout on the cards?2nd inside bar in the making, the trend for PSU stocks has changed since last two weeks. This once is yet to begin. Entry above 24.65
LONG TERM INVESTMENT RVNL with Targets of 75-150RVNL Executes Projects as assigned to it by Ministry of Railways. It is a Forerunner in carrying out Railway Track Laying/Signalling/Electrification/ in India. RVNL has been granted Mini Ratna-I status on 19-9-2013.
The Revenue stream of RVNL is:
(Source: www .rvnl.org/en/pages/aboutrvnl.aspx)
A consolidated management fee (inclusive of supervision charges) based on the average supervision charges allowed to Zonal Railways (8.5%).
RVNL pays dividend to MoR on the savings out of the consolidated management fee. For 2017-18, Rs 167.0 crore was paid as dividend and Rs 34.0 crore as tax on dividend which is 2.88% of project execution cost. Thus, the effective management fee of RVNL was only 5.62%.
As Indian Railways is a lifeline of Indian Economy and the business pedagogy of RVNL is unique as Projects assigned by Government of India exclusively. The Stock can be accumulated for Long Term Targets of 75-150 in this Financial Year.
Buy around 25-27 for Short Term Target of 35-40
Long Term Target of 75-150
