Multibagger In 3-Months: Yet Another Order Win For PSU Telecom Stock, Zooms 9%

Small cap zero-debt burden public sector undertaking, RailTel Corporation shares jumped over 9% in morning trade today after it received work order from Navodaya Vidyalaya Samiti for Supply & Implementation of Integrated Infrastructure & IT solutions under PM SHRI Scheme in JNVs Schools amounting to Rs. 162.73 Crore (Including Taxes), as per its BSE filing dated January 25, 2024. Last trading price of RailTel shares on BSE is Rs 421.70 apiece with intraday gain of 6.33%. RailTel shares jumped 100.43% in last 3-months and rose 152% in last 6-months. Check details below:

RailTel Corporation Stock Performance & Return: The 52-week high price of RailTel Corporation shares on BSE is Rs 452.80 apiece and 52-week low price is Rs 96.20 apiece, respectively. The company has a market capitalisation of Rs 13,578.90 crore. RailTel Corporation shares soared 42% in last 1-months, surged 100% in last 3-months, offered return of 237% in last 1-year, and gained 266% in last 2-years.

RailTel Corporation Financials: The PSU firm declared a sharp jump of 94% in its profit to Rs 62 crore for the quarter ended December 31, 2023 as against Rs 32 crore in the corresponding quarter of last year. Revenue of Railtel soared more than 47% to Rs 668 crore for the December quarter from Rs 454.3 crore reported in the similar quarter of last year. The company reported its EBITDA at Rs 118.8 crore, up 60%.

RailTel Corporation's Order From C-DoT: As per the regulatory filing of the company dated Jan 10, "RailTel Corporation of India Ltd ("the Company") has received the work order from Centre for Development of Telematics (C-DoT) for Installation, Testing and Commissioning of MPLS VPN connectivity at 26 number of sites across India amounting to Rs. 29.54 Crore (Excluding GST)."

RailTel Corporation Receives Order Bihar Education Project Council: As per the BSE filing of RailTel dated Jan 9, "RailTel Corporation of India Ltd ("the Company") has received the work order from Bihar Education Project Council for Supply of Teaching Learning Material for Class IV to V amounting to Rs. 39.88 Crore (Including GST)."
RailTel Bags Order From RVNL: Earlier this month on January 3, 2024, RailTel Corporation received order from Rail Vikas Nigam Limited for Data Centre Hosting & Application Support services amounting to Rs. 35,08,09,200 (Excluding Tax) for service period of 3 Years.

RailTel Corporation Bagged 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 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.

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