RVNL shares plunged 9% today; should you avoid or buy this dip?
Shares of Rail Vikas Nigam Ltd (RVNL) slumped on Monday, diving 8.94 per cent to close at Rs 358.15. At this price, the stock has crashed 44.64 per cent from its all-time high value of Rs 647, seen on July 15 last year. Despite the mentioned fall, RVNL has gained 62.28 per cent in the past one year.
Exchanges have put the securities of RVNL under the long-term ASM (Additional Surveillance Measure) framework. BSE and NSE put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
The counter saw high trading volume on BSE today as around 16.15 lakh shares changed hands. The figure was way more than the two-week average volume of 4.13 lakh shares. Turnover on the counter came at Rs…
