Share price of this small-cap railway stock moved up by 0.85 percent to hit an intraday high at Rs. 363.9 in Monday’s trading session, after securing an order worth Rs. 51.53 crores from Central Warehousing Corporation.
With a market capitalisation of Rs. 11,216.8 crore, RailTel Corporation of India Limited has delivered about 193.5 percent of multibagger returns in the last one year and nearly 39.2 percent of positive returns in the last six months. So far in 2024, it has given around 0.3 percent of positive returns.
According to the recent regulatory filings with the stock exchanges, RailTel Corporation of India Ltd. received a work order from Central Warehousing Corporation amounting to Rs. 51.53 crore.
The order received from the company is for the Supply Installation Testing and Commissioning of Modern Video Surveillance Systems across India and the order is to be executed by 30th November 2029.
In terms of financials, the company’s standalone revenue from operations grew by 24.6 percent from Rs. 668.4 crore in Q3 FY23-24 to Rs. 832.7 crore in Q4 FY23-24, along with a rise in the net profit of 24.8 percent, from Rs. 62.14 crore in Q3 FY23-24 to Rs. 77.53 crore in Q4 FY23-24.
As of March 2024, FIIs hold 2.2 percent of the shares, whereas DIIs hold 2.64 percent of the shares in the company, aggregating to 4.84 percent of the institutional holdings.
Incorporated in 2000, RailTel Corporation of India Limited, a “Mini Ratna (Category-I)” Central Public Sector Enterprise, is an ICT provider and one of the largest neutral telecom infrastructure providers in India.
RailTel has a strategic relationship with the Indian Railways and works on a wide variety of projects such as providing long-haul connectivity and mission critical connectivity services to assist several organisations within the Indian Railways.
Additionally, the company also offers a range of passenger services including content-on-demand services and Wi-Fi, across India’s major railway stations.
Written by Shivani Singh
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