Small Cap Miniratna Stock To Consider Final Dividend On 9th July, Shares Rally 3.94%

RailTel Corporation of India Ltd. announced that the Board will consider the recommendation of the Final Dividend. The company informed the exchange that the Board of Directors will conduct a meeting scheduled on Sunday, July 09, 2023, to consider the Final Dividend.

RailTel Corporation of India Mini-Ratna (Category-1) PSU company operating in the telecom services sector. It is a small-cap stock with a market capitalisation of Rs 4,271.69 crore.

RailTel to Consider Bonus Shares

The Board of Directors of the Company in a regulatory filing said, "In terms of Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, it is hereby informed that a meeting of the Board of Directors of the Company is scheduled to be held on Sunday, 09th July, 2023, inter-alia to consider recommendation of Final Dividend, if any, for the Financial Year 2022-23."

Stock Movement

On Tuesday, post the announcement, the shares of RailTel jumped 3.94%, ended at Rs 133.10 apiece. The stock traded its 52-week high at Rs 148.70 apiece and 52-week low at Rs 90.70 apiece, respectively.

The stock surged 2.27% in the past 1 week. While in 1 month it gave 11.33% return and in 3 months it gave 34.24% return. It jumped 43.04% in the past 1 year. In 2 years, it gave 9.82% negative return.

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