RVNL shares extend gains for third day ahead of Q2 results
In short
Rail Vikas Nigam shares rose for a third day and gained more than 9% today before its Q2 results. The stock is above its 50-day moving average of ₹198.29 and 100-day moving average of ₹213.69.
It is still below its 200-day moving average of ₹249.5. The stock is also down 68% from its 2024 high.
What the reporting says
Rail Vikas Nigam shares extended gains for a third straight session and rose over 9% today ahead of its Q2 results. CNBC TV18 said the stock is above its 50-day moving average of ₹198.29 and 100-day moving average of ₹213.69, but still below its 200-day moving average of ₹249.5. The note also said the stock is down 68% from its 2024 all-time high.
Why it matters
Rail Vikas Nigam shares extended their winning run for a third day and rose more than 9% ahead of Q2 results. The market note compares the stock with its 50-day, 100-day and 200-day moving averages, showing it is above the shorter averages but below the longer one. The share is also far below its 2024 peak, underscoring the stock’s volatile trading picture.