RNVL Share Price: Can the Railway Stock Recover from a Steep Decline?

Summary:
• Discover why RNVL share price plunged 45% from its peak. RNVL's technical analysis and its key support levels.

Rail Vikas Nigam Limited (RNVL), once a shining star in the railway PSU space, has seen its share price plummet by over 45% from its all-time high of ₹637.40. As of today, the stock trades at ₹376.75, raising questions among investors about whether this is a turnaround opportunity or the start of prolonged weakness.

RNVL Share Price Decline: Key Factors to Watch

The decrease in RNVL is due to a mix of profit taking and general market fluctuations. Following a rapid ascent driven by substantial government contracts and infrastructure enthusiasm, the stock underwent a significant downturn. The lack of fresh triggers, combined with concerns about railway project execution timelines, has further dented sentiment.

Technical Breakdown of RNVL Share Price

• Current Price: ₹376.75
• Key Support: ₹360 – A break below this level could trigger further selling pressure toward ₹296.
• Resistance Levels:
  • ₹407.20 – Near the 10-day SMA, where sellers may re-emerge.
  • ₹425.90 – A major resistance zone that needs to be breached for a recovery rally.

What’s Next for RNVL?

For RNVL to regain momentum, the market will need fresh triggers, such as announcements of new government projects or improved earnings visibility. Investors should watch for support at ₹360 and any developments around the Union Budget, which could bring renewed focus on railway modernization.

While the stock appears oversold, caution is advised until a sustained breakout above ₹425 is confirmed. For now, RNVL remains a speculative play for investors betting on India’s long-term infrastructure growth.