Stock market experts anticipate strong Q1 results for RVNL, driven by the overall performance of infrastructure sector companies. However, he added that if RVNL shares break above Rs 600, they could reach Rs 630 in the near term. For new investors, he recommends buying RVNL shares and adopting a buy-on-dips strategy as long as the stock remains above Rs 530. RVNL shares have seen significant movement recently. Post the recent correction, RVNL shares are trading at a one-year forward price-to-earnings multiple of 61.56 times, above the five-year average of 22.1 times.

Source: Mint August 08, 2024 11:54 UTC