Rail Vikas Nigam Limited (RVNL) shares, after peaking at ₹647 on the NSE in July 2024, have entered a prolonged base-building phase, dropping 44% from their all-time high. Over the past six months, the railway PSU stock has turned into a “sell-on-rise” candidate, reflecting subdued sentiment. Yet, analysts suggest the tide might turn in Q3 2025 as order flow remains robust, and institutional interest picks up following RVNL’s upgrade to large-cap status by AMFI. But Despite stock pressure, the company’s order flow was steady through October–December 2024, positioning RVNL for positive Q3 results even amid a sluggish Indian economy. Its promotion to the large-cap category by AMFI signals potential mutual fund interest, which could drive demand for the stock. RVNL shares are range-bound, trading between ₹348 and ₹365. A breakout above ₹365 could push the stock to ₹378–₹388 in the near term, with a medium-term target of ₹425. Conversely, a fall below ₹348 might lead to a dip toward ₹320. Analytics advises current investors to hold their positions with a stop-loss at ₹348. While the stock has struggled recently, its solid fundamentals, stable order book, and institutional interest hint at potential recovery. With disciplined trading strategies and an eye on technical indicators, RVNL could offer attractive opportunities for both current and new investors.