RVNL Stock Sees Decline of -5.52%, Remains Strong Player in Engineering Industry

Rail Vikas Nigam Ltd (RVNL) is a largecap engineering company that has recently faced a decline in its stock performance. On February 9th, 2024, the company's stock saw a decrease of -5.52%, underperforming the sector by -6.56%. This has led to a 'Hold' call by MarketsMOJO for the stock.

The stock opened with a gap down of -9.07% and touched an intraday low of Rs 256 (-9.12%). However, the stock's moving averages are still higher than the 50 day, 100 day, and 200 day moving averages, but lower than the 5 day and 20 day moving averages.

In comparison to the Sensex performance, Rail Vikas Nigam Ltd's 1 day performance is -6.92%, while the Sensex saw a positive performance of 0.17%. Similarly, in the past month, the company's stock has seen a growth of 41.54%, while the Sensex has only seen a 0.23% increase.

Despite the recent decline in stock performance, Rail Vikas Nigam Ltd remains a largecap player in the engineering industry. As a fact-based article, it is important to note that there is no mention of future potential, investor interest, or expert recommendations. The information provided is solely based on the company's stock performance and should not be considered as a recommendation for investment.