RVNL

Share Price: Should you buy railway stock after India-Bhutan rail link MoU? Analyst strategy | EXPLAINED

Are you looking for opportunities to book profit in railway sector stocks following the India-Bhutan MoU on cross-border rail connectivity? An analyst at LKP Securities has handpicked a Navratna firm's stock, expecting a potential gain of almost 10 per cent in near term. Vatsal Bhuva of LKP Securities has recommended buying RVNL shares , citing the stock’s sustained support from crucial moving averages. According to him, if the stock crosses the 350-level mark, it could target Rs 370-380. Key support levels are placed at 335, while immediate resistance stands at 350.