Shares of Rail Vikas Nigam (RVNL) have fallen by almost 4% to Rs 101.7 after surging 54% in the last five days. Siemens, along with RVNL, was part of a consortium that recently won two separate orders from the Gujarat Metro Rail Corporation. Independent analyst Anand Tandon said he sees a lot of order flow coming through from railway spending, but suppliers are better targets than consultants. CEO of GCL Broking, Ravi Singhal, said that the current railway infrastructure spending should help RVNL improve margin and growth.
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