Shares of RVNL experienced early selling pressure on Thursday morning as investors awaited the company’s board of directors to discuss and approve its unaudited financial results for the first quarter of the 2024-25 fiscal year. The anticipation surrounding RVNL’s Q1 results is high, with experts predicting strong performance based on trends in the infrastructure sector and ongoing government initiatives.
The railway sector company is expected to deliver robust quarterly numbers, driven by the Government of India’s focus on infrastructure development. According to industry analysts, RVNL’s performance is anticipated to reflect the infrastructure sector’s positive dynamics, which has benefited from increased government spending and a favorable liquidity environment.
Seema Srivastava, Research Analyst at SMC Global Securities, is optimistic about RVNL’s upcoming results. She points out that railway and infrastructure companies are poised to report strong quarterly figures due to their solid order books and the government’s infrastructure push.
I expect positive results from RVNL as they are a key player in the railway and infrastructure sectors. With the government’s ongoing focus on infrastructure, RVNL is likely to show sustained growth, supported by a healthy order book and ample market liquidity.
This optimism is reflected in the company’s stock performance as well. Analysts are forecasting that RVNL’s share price, which has been on a bullish trend, will continue to perform well in the near term. Sumeet Bagadia, Executive Director at Choice Broking, notes that RVNL’s technical chart pattern looks promising.
He highlights that the stock has strong support at ₹530 but faces a resistance level at ₹600. “If RVNL manages to break above ₹600, we could see the share price move towards ₹630 in the near term,” Bagadia said.
For investors holding RVNL shares, the current outlook is favorable. Bagadia advises that existing shareholders should feel confident about maintaining their positions with a target of ₹630 per share. He also suggests a buy-on-dips strategy for fresh investors, recommending that they purchase RVNL shares while the stock remains above ₹530 and set a stop loss at this level.
For new investors, RVNL shares present a good opportunity. Maintain a buy-on-dips strategy and keep an eye on the stock’s performance as it approaches the ₹630 mark
The market’s expectations for RVNL’s Q1 results reflect broader confidence in the infrastructure sector, buoyed by government initiatives and a favorable economic environment. The anticipated strong performance of RVNL is expected to align with the positive trends seen in other infrastructure companies, which are also projected to deliver solid quarterly results.
As RVNL prepares to release its financial results, investors and market analysts will closely monitor the stock’s performance. The company’s ability to meet or exceed expectations could further bolster its stock price and reinforce investor confidence. The ongoing focus on infrastructure development by the GoI, coupled with favorable market conditions, is likely to continue supporting RVNL’s growth and performance in the coming quarters.
