RVNL-The Railway Growth Engine

In FY 2019, just before Covid, RVNL was trading at a premium of roughly 10 times, giving about ₹3.50 per share to Its Equity shareholder . Its sales figures jumped massively from ₹10,000 crore to ₹19,000 crore. However, when we look at EPS, it only increased from about ₹3.5 to ₹6 till F.Y 2024.

By August 2024, when the stock started to decline, the premium had reached nearly 80. This is simply an observation based on the available data, nothing in-depth.

Now, looking at the technicals, the stock has cut the 24-month moving average. At this stage, it seems to be a “wait and watch” situation. We can only observe at what price RVNL bounces back and starts its time correction.

This is purely an observation based on publicly available data.