RVNL Share News: After a huge correction in the past few months, the Indian stock market has gained momentum. Along with the nifty index and sensex, equity shares have started Rising since the start of January. Investors have got relief as their portfolios gradually turn Green. As the union budget 2025 just one month away, three top Railway Stocks have experienced decent rise in the past few days.
Indian Railway Finance Corporation Ltd (IRFC), Rail Vikas Nigam Limited (RVNL) and Railtel Corporation of India Limited (NSE: RAILTEL) saw positive gains. Investors have got back their confidence in those stocks amid the bull run in the market. Despite a decent recovery, Investors are concerned how much these shares will go up and whether they should book profit, hold for a bigger target. In this article we will know about these shares movement in the coming days with revised share price targets from market experts.
Should You Buy Railway Stocks ahead of Budget 2025?
According to Swadesh Pannellist Top Railway Stocks IRFC, RVNL and Railtel will be in Focus ahead of Budget 2025. Retail Investors participation is expected to increase amid upcoming union budget so tremendous Rise in the shares are expected. The analyst has given “Buy” rating for IRFC and RVNL shares with revised price targets. As the union budget 2025 to be announced tomorrow, all the railway stocks have shown strong rally. Investors looking to gain short term profit should buy this stock however, budget expenditure will have direct impact on the stock prices.
IRFC Share Price Overview NSE
IRFC shares are trading 30.96% lower from its peak price level of Rs 229. Recently the shares of IRFC have gained 5.23% in the last 5 days. IRFC shares surged 1.0% on Friday, January 3 and closed at Rs 153.56 on NSE.
IRFC Share Target
Market expert Anshul Jain, Head of Research at Lakshmishree Invest and Securities has given his view on IRFC Share. According to the analyst, IRFC Share has a strong resistance at Rs 160. If the shares cross this price level then it can further rise to Rs 180. This given IRFC Share Target represents a 14.86% gain from the current price level.
Also Read: NTPC Green Energy Share Price Target 2024 to 2050
RVNL Share Price Overview NSE
RVNL Shares gained as much as 0.80% and closed at Rs 433.0 on Friday, January 3. The shares of RVNL are currently trading 32.20% below from its All-time High Rs 647. The stock has a 52-week high of Rs 647 and 52-week low Rs 165.60.
RVNL Share Target
RVNL Share Target is given as Rs 522 which represents 15.37% gain from the current price level. According to Anshul Jain, RVNL share has a strong resistance zone at Rs 461, If the shares cross that level and consolidate for some time then it can further see a jump above Rs 522 while stoploss could be maintained at Rs 410
Railtel Share Target
Given the current view, Railtel Share Target ahead of Budget 2025 is Rs 480 by the end of the year. Currently the shares of Railtel are trading at Rs 422.50 with a 0.06% gain on NSE.
Check Out: Railtel Share Price Target 2024 to 2050
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