The shares of the leading neutral infrastructure provider gained up to 7.4 percent after the company received a new work order from the Uttar Pradesh Police Recruitment and Promotion Board worth Rs 52.66 crore.
RailTel Corporation of India Ltd has a market capitalization of Rs 16,176.90 crore, the shares were trading at Rs 500.10 per share, increasing around 7 percent as compared to the previous closing price of Rs 470.80 apiece.
Reason for Rise:-
Today, the company shares have seen such a bullish movement after RailTel Corporation of India Ltd received a significant work order from the Uttar Pradesh Police Recruitment and Promotion Board for Live CCTV Surveillance Service, and Impersonation control through an Aadhaar-based biometric service, this order is valued at Rs 52.66 crore.
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Financial Growth:-
Looking forward to the company’s financial performance, revenue magnified by 19 percent from Rs 468 crore in Q1FY24 to Rs 558 crore in Q1FY25, however during the same time frame, net profit zoomed by 29 percent from Rs 38 crore to 49 crore.
Order Book:-
As of June 2024, the company’s order book was Rs.4,682 crore. In FY25, future tenders from Indian railroads, state governments, and other sectors are likely to create an order inflow of Rs 4,000–5000 crore. The prospective KAVACH project orders, estimated to be between Rs 5,000 crore and Rs 7,000 crore, will increase the order book.
Expansion & remarkable return:-
RailTel intends to expand its offering of services to encompass the complete range of Enterprise services, which will create further growth opportunities. It will expand capabilities in the e-office, CoD, RDN, VSS, Edge Data Center-centric services, and others.
The shares have given a return of 23.58 percent in six months and a multi-bagger return of 200 percent in a year. If an individual invested Rs 1 lakh a year ago, it would now be worth Rs 3.00 lakh.
Company profile:-
RailTel Corporation of India Limited is a neutral telecom infrastructure provider located in India that owns a Pan-India optical fiber network on a railway track’s right of way (ROW). Telecom Services and Project Work Services are two of the company’s business segments.
Written by:- Abhishek Singh
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