RVNL shares surge 10%, recover after decline post Q1 results

August 12, 2024

RVNL shares spiked 10% to Rs 569.6 after an 8.4% decline following its Q1 results, which reported a 35% drop in net profit and a 27% fall in revenue. Despite this, shares rebounded by 9.3% by 11:30 am. Technical indicators show mixed signals, with the stock trading above several SMAs.

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