RVNL Stock to Watch: Approaching Key Resistance at ₹384

Rail Vikas Nigam Ltd (

) is currently trading near the critical resistance level of ₹384. This level has previously acted as a ceiling, with the stock facing downward pressure upon reaching it. Recently, RVNL secured a ₹115.8 crore project from Central Railway for the upgradation of the existing 1x25 KV electric traction system to a 2x25 KV feeding system in the Itarsi–Amla Section. This project aims to meet the 3,000 MT loading target, potentially boosting the company's revenue and operational capacity. Disclaimer: This post is for informational purposes only and does not constitute trading or investment advice.