Multibagger Stock engaged in providing telecom infrastructure like virtual private networks, internet leased in line and many more throughout India jumped 3 percent in the day’s trade upon receiving a work order worth Rs. 99 Crores from Bihar Education Project Council.
With a market capitalization of Rs. 11,616 Crores, the shares of Railtel Corporation of India Limited were trading at Rs. 362.10, up 3.27 percent from its previous day’s close price of Rs. 350.30. It has delivered multibagger returns of 254 percent in a year.
Railtel Corporation of India Limited has received a work order worth Rs. 99.01 Crores from the State Project Director (Spd) Bihar Education Project Council for the supply of Student Kits (Teaching Learning Materials) for Class VI to XII the order is to be executed by June 13, 2024.
Railtel Corporation of India Limited is a Miniratna PSE engaged in providing neutral telecom infrastructure throughout India. It provides a range of telecom services like virtual private networks, internet leased in line, etc, and other project work services like national optic fiber network and other specific telecom and IT services.
Railtel Corporation of India Limited has a strong order book worth Rs. 4,800 Crores and is poised for continuous growth in the future.
Its revenue from operations grew by 47.13 percent from Rs. 454 Crores in Q3FY23 to Rs. 668 Crores in Q3FY24, accompanied by increasing profits of Rs. 32 Crores to Rs. 62 Crores.
It has reported a return on equity (ROE) of 11.91 percent and a return on capital employed (ROCE) of 16.81 percent, it is making decent returns on its equity and good returns on its capital employed.
Written by: Bharath K.S
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