Despite RVNL’s weak Q1 results, experts are recommending a “buy on dips” strategy for the company’s shares. RVNL, a state-owned railway infrastructure company, reported a decline in its quarterly earnings, which led to a drop in its share price.
However, analysts believe that the company’s long-term prospects remain strong, driven by its robust order book and growth potential in the railway sector. They expect RVNL to benefit from the government’s increased focus on infrastructure development and the modernization of Indian Railways.
Experts suggest that investors should take advantage of the current dip in RVNL’s share price to buy the stock at a lower valuation. They expect the company’s shares to rebound once the market sentiment improves and the company’s growth prospects become more visible.
The weak Q1 results were attributed to delays in project execution and higher operating expenses. However, RVNL’s management has assured investors that the company is taking steps to address these issues and improve its performance in the coming quarters.
Overall, experts remain bullish on RVNL’s long-term prospects and recommend a “buy on dips” strategy for investors looking to benefit from the company’s growth potential in the railway infrastructure sector.