RVNL

Rail Vikas Nigam Limited, a key player in the railway sector, is highly sensitive to government announcements. We saw it surge 33% from ₹300 to ₹400 in a week on positive news, though it subsequently cooled to ₹335, still holding onto about 10% gains. The weekly chart shows robust support at ₹300, where it has bounced numerous times. With the upcoming budget likely to focus on infrastructure, RVNL is sitting on a powder keg. If it breaks above key resistance, a 40-50% return isn't out of the question, making it an exciting, albeit potentially volatile, play for those betting on increased railway allocations.