RVNL shares fall 14% in 3 sessions. Here’s what analysts recommend

Shares of Rail Vikas Nigam (RVNL) fell 14% in three trading days, and they are currently locked in a 5% lower circuit. Despite this recent decline, RVNL has delivered a return of 148% in the last six months and has surged 645% in the last five years. Aditya Gaggar, Director of Progressive Shares, said RVNL is performing well, backed by an order backlog and government initiatives in the infrastructure space. In Q3FY23, RVNL reported a 30.5% rise in consolidated net profit at Rs 382.42 crore.