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RVNL shares hit 10% upper price band; check revised target price & other details

RVNL share price: RVNL shares zoomed 10 per cent to scale their upper circuit level during Saturday's special trading session. The rail PSU has recently incorporated subsidiary firm RVNL Infra South Africa. It has also formed a joint venture with Jakson Green Pvt Ltd to explore an opportunity in solar power projects.
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RVNL shares hit 52-week high, up nearly 370% in a year; more steam left?

RVNL share price: The stock was last seen trading higher than the 5-day, 20-, 50-, 100- and 200-day moving averages. The counter's 14-day relative strength index (RSI) came at 80.55. A level below 30 is defined as oversold while a value above 70 is considered overbought. The company's stock has a price-to-earnings (P/E) ratio of 22.47 against a price-to-book (P/B) value of 4.63.
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