Navratna public sector undertaking (PSU) RailTel Corporation of India Ltd shares today settled with steep fall of 6.79% to Rs 379.00 per share on Bombay Stock Exchange (BSE). However, RailTel shares soared over 9% in early trading hours but failed to sustain the momentum even after bagging 3 orders in just 1-day. The stock slipped over 8% in last 2-weeks and gained 229.2% in last 2-years.
Shares of Railtel slipped 38.67% so far from the 52-week high price of Rs 618.00 per share if the stock’s last trading price of Rs 379.00 is taken into consideration. Check details pertaining to Railtel’s latest order win today:
Railtel Bags Order From Samagra Shiksha
According to the exchange filing of Railtel dated Feb 1, 2025, “this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from Department Of Education Samagra Shiksha for Supply and service amounting to Rs. 15,98,40,000 (Including Tax). The time period by which the order needs to be executed is November 30, 2025. Railtel has to establish Robotics, Drone and Atal Tinkering Labs in 160 Government schools across Himachal Pradesh under STARS.
Railtel Wins Order From Maharashtra
The exchange filing of the PSU added, “this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from Maharashtra State Power Generation Company Limited for IT Network Restructuring amounting to Rs. 1,04,15,95,094 (Including Tax).” It has to execute the order by January 30, 2025. Railtel will be taking up IT Network Restructuring for Nine Plants and Three Offices in MSPGCL to latest technology.
Railtel Bags Order From Defence PSU
As per the regulatory filing, “this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from a defense PSU for Setting up of DC & DR Center amounting to Rs. 1,00,32,62,309 (Including Tax).” The company has to execute the order by May 30, 2025. The company will be involving in setting up of DC & DR Center.
Why Railway Stocks Declined Today?
Earlier in the day, several leading railway stocks also witnessed sharp fall after Finance Minister avoided mentioning any major announcement for the sector. Analysts were betting for a hike of up to 20% in budgetary allocation from the FM. Earlier in 2024 during the interim budget, FM Sitharaman chose to refrain from making any allocation for railway sector and that triggered a major fall in the stocks.
Railtel Shares Performance
The 52-week high price of RailTel Corporation of India shares on BSE is Rs 618.00 per share (as on 12/07/2024) and 52-week low price is Rs 301.35 per share (as on 14/03/2024), respectively. The telecom PSU slipped over 10% in last 3-months, fell over 23% in last 6-months, and fell 9.88% in last 1-year. In last 3-years, Railtel stock gained 230.86%.
Railtel Dividend History
It maintained an impressive dividend history as it recommended 9 dividends since March 31, 2021. In last 1-year, the PSU declared an equity dividend amounting to Rs 2.85 per share and offers a dividend yield of 0.71%. Railtel’s return on equity (ROE) is 13.82%.
About: RailTel Corporation a “Mini Ratna (Category-I)” PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optical fiber network. RailTel is committed to bring cutting edge technology and offer innovative services to the Indian Telecom market. RailTel is in the forefront in providing nationwide Broadband Telecom & Multimedia Network in all parts of the country in addition to modernization of Train operations and administration network systems, according to its official website.
Disclaimer
The story highlights new order win and should not be considered as investment advice by the Moneydaily.in or the Author. Moneydaily.in and the author will not be held responsible for any losses caused as a result of decisions based on the above information. MoneyDaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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