Navratna public sector undertaking (PSU) RailTel Corporation of India Ltd shares dived 0.60% on Bombay Stock Exchange (BSE) today despite bagging 4th order in the month of February only. Current market price of RailTel shares on BSE stood at Rs 356.50 per share. The scrip plunged 7.08% in last 1-week and gained 227.29% in last 2-years. The company has a market capitalisation of Rs 11,441.45 crore with return on equity (ROE) at 13.98%. It is worth mentioning here that FII/FPI holdings in Railtel zoomed from 3.05% to 3.34% for December 2024 quarter. Check more details below:
RailTel Corporation of India Bags New Order
According to the BSE filing of RailTel Corporation dated February 6, 2024, “this is to inform that RailTel Corporation of India Ltd. (“the Company”) has received the work order from North Frontier Railway for Provision of Video Surveillance System amounting to Rs.49,67,96,195/- (including Tax).”
RailTel Corporation Shares Performance
The stock witnessed decline in last few days after the company announced fall in its Q3 profit and revenue sequentially. RailTel Corporation shares also recorded fall when Finance Minister refrained from making any major announcement for the sector. Analysts were expecting for a hike of up to 20% in budgetary allocation from the FM. Earlier in 2024 during the interim budget, FM Sitharaman avoided making any allocation for railway sector and that led to sharp fall in the railway sector stocks. RailTel Corporation shares slipped 21.22% in last 6-months, fell 12.97% in last 1-year, and gained 212.94% in last 3-years.
Currently, the stock is trading 15.47% away from its 52-week low price of Rs 301.35 per share, if today’s last trading price of Rs 356.50 is taken into perspective. The 52-week high price of RailTel Corporation shares on BSE is Rs 618.00 per share (as on 12/07/2024). RailTel Corporation
Railtel Previous Orders In February
Earlier on February 1, RailTel Corporation bagged work order from Department Of Education Samagra Shiksha for Supply and service amounting to Rs. 15,98,40,000 (Including Tax). It also received work order from Maharashtra State Power Generation Company Limited on the same day for IT Network Restructuring amounting to Rs. 1,04,15,95,094 (Including Tax).”
RailTel Corporation of India bagged the work order from a defense PSU on Feb 1 for setting up of DC & DR Center amounting to Rs. 1,00,32,62,309 (Including Tax).”
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.
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 0.80%.
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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