Multibagger Railway PSU RailTel Jumps 7% On New Order Win, Should You Buy Or Sell?

Miniratna public sector undertaking RailTel Corporation of India Ltd shares gained over 7% in trade today after it received the work order from Uttar Pradesh Police Recruitment And Promotion Board for Service amounting to Rs. 52,66,30,075 (Excluding Tax). The time period by which the order needs to be executed is August 31, 2024. Current market price of RailTel Corporation shares on BSE is Rs 494.90 per share. RailTel Corporation shares offered attractive return of 195% in last 1-year. Its market capitalisation stood at Rs 15,912.13 crore. Earlier on July 4, 2024 Railtel bagged order worth 23,96,16,993 (Including Tax) from Webel Technology Limited. More details below:

RailTel Corporation of India Shares Performance: The 52-week high price of RailTel Corporation shares on BSE is Rs 618.00 apiece (as on 12/07/2024) and 52-week low price is Rs 165.45 apiece (as on 25/08/2023), respectively. RailTel Corporation shares offered return of 40% year-to-date, zoomed 422% in last 2-years, and offered eye-popping returns of 309% in last 3-years.

Should You Buy RailTel Corporation Shares? Brokerage firm ICICI Securities has recommended sell call to RailTel Corporation shares with target price of Rs 315. According to the analyst, "Railtel hopes for an acceleration in its order book driven by the large capex planned by Indian Railway. We raise our EPS estimates by 3 per cent for FY25-26E on lower depreciation cost, it said with a 'sell' tag and revised target price of Rs 315."

RailTel Corporation of India Latest Dividend: According to the exchange filing of Railtel issued as on July 8, 2024, "Board of Directors of the Company at its meeting held today i.e. Monday, 08th July, 2024 has recommended a Final Dividend at the rate of 18.5% of paid-up share capital (Rs. 1.85/- per share) for the financial year 2023-24."

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 has been picked from the brokerage report of ICICI Securities. 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.