DSIJ Mindshare

The shares of the company have a PE of 9.36x, whereas the sectoral PE is 23.32x with an ROE of 11.12 per cent. 

The Department of Public Enterprises recently accorded RVNL the "Navratna" designation in a corporate filing with the BSE.

As of March 2023, Ashish Kacholia, an ace investor owns a 2.15 per cent stake in the company. 

The stock gave multibagger returns of over 3,514 per cent from its 52-week low of Rs 8.75 per share.

Nifty witnessed profit booking on higher levels. However, it managed to close in green around 0.46 per cent at the 18,147 level. S&P BSE Sensex closed near to opening levels at 61,354 level. Nifty Mid Cap 100 and Nifty Small Cap 100 traded strongly for the day and closed around 0.97 per cent and 0.69 per cent, respectively.