Navratna public sector undertaking (PSU) RailTel Corporation of India Ltd shares are likely to remain in limelight on February 13, 2025 as the company bagged 4 new orders post market hours. Last trading price of RailTel Corporation shares on Bombay Stock Exchange stood at Rs 323.75 per share with intraday fall of 1.21%.
The scrip registered steep decline of 13.25% in last 2-weeks span and fell 10.85% in last 1-year. Meanwhile, the company’s market cap stood at Rs 10,390.38 crore. Its return on equity or ROE stood at 13.98%. Check more details below:
RailTel Corporation Bags 1st Order From BEPC
As per the exchange filing of the PSU dated February 12, 2025, “this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from State Project Director (SPD) Bihar Education Project Council (BEPC) for Supply amounting to Rs. 16,97,44,575 (Including Tax).” The order needs to be completed by Feb 28, 2025.
RailTel Wins 2nd Order From BEPC
The BSE filing stated, “RailTel Corporation of India Ltd. (“the Company”) has received the work order from State Project Director (Spd) Bihar Education Project Council (Bepc) for Supply amounting to Rs. 36,94,95,928 (Including Tax).” The order must be executed by Feb 28, 2025.
RailTel Receives 3rd Order From BEPC
According to the regulatory filing, “Railtel Corporation of India Ltd. (“the Company”) has received the work order from State Project Director (Spd) Bihar Education Project Council (Bepc) for Supply amounting to Rs. 69,20,72,766 (Including Tax). The completion deadline of the order has been fixed as April 4, 2025.
RailTel Wins 4th Order From Airports Authority of India Chennai
The exchange filing added, “Railtel Corporation of India Ltd. (“the Company”) has received the work order from Airports Authority of India Chennai for order amounting to Rs. 14,71,90,292 (Including Tax).”
Railtel Dividend History
RailTel recommended a total of 9 dividends since March 31, 2021. In last 1-year, the Navratna PSU recommended an equity dividend amounting to Rs 2.85 per share. At the current share price of Rs 323.7500 per share, it offers a dividend yield of 0.88%, according to Trendlyne.
Shareholdings
FII/FPI hiked holdings from 3.05% to 3.34% in December 2024 quarter. Number of FII/FPI investors came down from 91 to 88 in December 2024 quarter. Mutual Funds hiked holdings from 0.09% to 0.10% in December 2024 quarter. Meanwhile, Institutional Investors increased holdings from 3.66% to 3.70% in December 2024 quarter, according to Trendlyne.
Railtel Share Performance
Currently, Railtel shares are trading 6.92% away from its 52-week low price of Rs 301.35 per share if the last trading price of Rs 323.75 is taken into consideration. The 52-week high price of Railtel shares on BSE stood at 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. Railtel shares slipped 20.05% year-to-date, recorded sharp dip of 32.88% in last 6-months, and gained 181.16% in last 2-years.
Railway stocks have been witnessing steep decline for the last 1-year after Finance Minister Nirmala Sitharaman refrained from making any major announcements pertaining to railway sector in last year and this year budget thus triggering selling pressure in the stocks.
Railtel Financials
The company declared a fall in its December quarterly earnings. It announced a dip of 10% in net profit QoQ to Rs 65 crore, down from Rs 73 crore declared in the September quarter. The company announced a surge of 4.7% in its net profit YoY to Rs 65 crore for the quarter ended December 31, 2024 as against Rs 62.1 crore declared in the similar quarter of last year. Revenue from operations soared 14.8% YoY to Rs 767.6 crore for the quarter ended December 31, 2024 as against Rs 668.4 crore in the similar quarter of last year.
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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