Rail Vikas Nigam share are up by 1.52%, Nifty down by -1.36%

Rail Vikas Nigam Share Price Today on : At 30 Sep 16:01 today, Rail Vikas Nigam shares are trading at price ₹534, 1.52% up from the previous closing price. Sensex is trading at ₹84365.32, down by -1.41%. The stock has hit a high of ₹535 and a low of ₹516.05 during the day.

On the technical front, the stock is trading above the 5,10,100,300 days SMA & lower than the 20,50 day SMA. The stock will have support at 5,10,100,300 days SMA & face resistance at 20,50 days SMA

The SMA values for the stock are given below :

The classic pivot level analysis shows that on a daily time frame, the stock has key resistances at ₹541.22, ₹547.43, & ₹559.87, whereas it has key support levels at ₹522.57, ₹510.13, & ₹503.92.

Till 4 PM today, the volume traded on NSE & BSE for Rail Vikas Nigam was -81.02% lower than the previous trading session. Volume traded is an important indicator along with price to study trends. Positive price movement with higher volume suggests a sustainable upmove, and negative price movement with higher volume might be an indication of further decline in prices.

Overall, as per Mint technical analysis, Following a strong uptrend, the stock is indicating signs of a reversal..

From a fundamental analysis perspective, the company has a ROE of 19.69% .The current P/E of the stock is at 75.53 .

The median 1-year forecasted upside in this share is at 22.10% with a target price of ₹416.00.

The company has a 72.84% promoter holding, 6.55% MF holding, & 3.13% FII holding as per filings in the june quarter.

The MF holding has increased from 6.08% in march to 6.55% in the june quarter.

The FII holding has increased from 2.32% in march to 3.13% in the june quarter.

Rail Vikas Nigam share price has gained 1.52% today, currently at ₹534, while its peers such as are in the red. Overall, benchmark indices Nifty & Sensex are down -1.36% & -1.41% each respectively.