Navratna Railway PSU Bags New Order, Shares Zoom 354% In 2-Yrs; Buy?

Navratna public sector undertaking RailTel Corporation of India Ltd today received yet another order worth Rs 48.7 crore from Health Insurance TPA of India Ltd. The order is for integrated claims management solution portal and mobile application and the time period by which it needs to be completed is June 14, 2030. Current market price of RailTel Corporation of India shares on BSE is Rs 475.70 per share. RailTel Corporation has a market capitalisation of Rs 15,267.04 crore. RailTel Corporation of India shares offered return of 354% in last 2-years and slipped over 4% in last 2-weeks. Check key details below:

RailTel Corporation of India Bags New Order: As per the exchange filing of RailTel Corporation of India dated September 17, 2024, "Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from Health Insurance TPA of India Ltd. for Service amounting to Rs. 48,70,00,000 (Excluding Tax)."

RailTel Corporation Shares Performance: The 52-week high price of RailTel Corporation shares on BSE is Rs 618.00 per share (as on 12/07/2024) and 52-week low price is Rs 200.30 per share as on (09/10/2023), respectively. RailTel Corporation shares offered return of 35% return so far this year, gained 113% in last 1-year, and rallied 263% in last 3-years.

RailTel Corporation Previous Order On September 13: As per the exchange filing of RailTel Corporation dated September 13, 2024, "Pursuant to Regulation 30 read with Part A (B) of Schedule III of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, this is to inform that RailTel Corporation of India Ltd. ("the Company") has received the work order from Northern Railways for Railway Project amounting to Rs. 19,69,96,886/-."

Should You Buy Or Sell? According AR Ramachandran, Independent SEBI Research Analyst, "Railtel stock price is sideways to bearish on the Daily charts with strong resistance at 485. A Daily close below support of 461 could lead to a target of 420 in the near term."

RailTel Corporation of India Dividend: According to the exchange filing of Railtel issued as on July 20, 2024, "The Company has fixed Wednesday, 14th August, 2024 as "Record Date" for the purpose of determining the eligibility of Members entitled to receive the Final Dividend of Rs. 1.85/- per share for the FY 2023-24 as recommended by the Board of Directors of the Company in their meeting held on 08th July, 2024. The Final Dividend, if approved at the AGM, will be paid within 30 days from the date of its declaration at the AGM."

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 has been picked from the brokerage report of AR Ramachandran. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.