PSU Telecom Stock Under Rs 300 Bags 3rd Order In Dec, Zooms 133% YTD

Miniratna public sector undertaking RailTel Corporation operating in telecommunications sector bagged 3rd order in the month of December. Last trading price of RailTel Corporation share on BSE is Rs 296.35 per share with intraday fall of 0.47%. RailTel Corporation informed via its BSE filing about receiving work order from Bihar Education Project Council for Supply of Teaching Learning Material for Class I to III Under Rate Contract amounting to Rs. 76.19 Crore (Including GST), as per the BSE filing of the company.

RailTel Corporation Bags Order From NF Railway Construction: According to the regulatory filing of the company dated December 21, "RailTel Corporation of India Ltd ("the Company") has received the work order from N F Railway Construction for Supply, Installation, Testing & Commissioning of Integrated Tunnel Communication system, Emergency Call Arrangements in Tunnels & IPIS at Stations in Bhairabi- Sairang New Single line Section of Lumding Division amounting to Rs. 66.83 Crore (Including GST)."

The company on December 15 also received the work order from Directorate of Geology and Mining, Government of Madhya Pradesh for Implementation of AI-based Smart Enforcement System to curb illegal transportation of minerals with 3 years of operation and maintenance. The total Contract value for 3 years is Rs. 25.30 Crore (excluding GST).

RailTel Corporation Stock Performance & Return: Last trading price of RailTel Corporation stock on BSE is Rs 296.35 apiece. The stock's 52-week high price is Rs 320.75 per share and 52-week low price is Rs 96.20 per share, respectively. Its market capitalisation is Rs 9,511.01 crore. RailTel Corporation shares gained 122% in last 6-months and soared 143% in last 1-year. In last 2-years, RailTel Corporation stock surged 157%.

RailTel Corporation of India 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 stock just highlights order wins and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.