So RVNL (Rail Vikas Nigam Ltd) is one of those stocks people have been talking about a lot. It’s been doing really well for past few years but now it’s kinda been up and down recently. If you look at it now, the share price is somewhere around ₹384 or something like that — give or take a few rupees depending on the day.
A while back, it was way higher. Like it even crossed ₹600 at one point, which was crazy. That was the time when a lot of people jumped in thinking it’ll go even higher. But then it dropped. Not a full crash or anything, but yeah, it came down. Now it’s kinda hanging around in the 380-390 range most days.
The stock has given crazy returns in the last few years. People who bought it 2-3 years ago are probably smiling big time right now. Some are saying it’s already given the “multibagger” kind of returns. But now, some investors are wondering if it’s still a good time to enter or maybe wait.
It’s still a strong company tho. They keep getting new railway projects and contracts and stuff like that. So the fundamentals aren’t bad. But yeah, the valuation is getting bit high now. The P/E ratio is like way up compared to other similar stocks. That means it might be getting expensive now.
Short term, the price has been a little shaky. It went down like 9-10% in just a few weeks. So if you’re the kind of person who panics easily, this might stress you out a bit . But long term holders are still doing okay.
One thing to watch is if it breaks below ₹370 or goes back above ₹400. That might tell what’s gonna happen next. Also depends on what kind of news comes out — like if they get another big order, price might shoot up again.
Anyway, RVNL has been a wild ride for some investors. If you’re already holding it, maybe just stay calm and wait it out. If you’re thinking to buy, just don’t go all-in at once. Market is weird sometimes and even good stocks can fall.