I have seen this happening in the past. But I continue to hold in spite of temporary decline due to OFSand it has paid me more than 3 X during last 18 months.
Discl: Remain invested for long term. It is not a buy or sell recommendation.
PSU stocks in general carry inherent risk of frequent OFS especially if the stock does well and govt policy changes may affect the stock performance. But in my view , the long term story remains in tact due to earning visibility for next 5- 6 years due to order book and increased railway capex . Also RVNL is in to maintenance contract.
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