In FY 2019, just before Covid, RVNL was trading at a premium of roughly 10 times, giving about ₹3.50 per share to Its Equity shareholder . Its sales figures jumped massively from ₹10,000 crore to ₹19,000 crore. However, when we look at EPS, it only increased from about ₹3.5 to ₹6 till F.Y 2024.
By August 2024, when the stock started to decline, the premium had reached nearly 80. This is simply an observation based on the available data, nothing in-depth.
Now, looking at the technicals, the stock has cut the 24-month moving average. At this stage, it seems to be a “wait and watch” situation. We can only observe at what price RVNL bounces back and starts its time correction.
This is purely an observation based on publicly available data.
By August 2024, when the stock started to decline, the premium had reached nearly 80. This is simply an observation based on the available data, nothing in-depth.
Now, looking at the technicals, the stock has cut the 24-month moving average. At this stage, it seems to be a “wait and watch” situation. We can only observe at what price RVNL bounces back and starts its time correction.
This is purely an observation based on publicly available data.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.