{"id":106421,"date":"2023-08-08T14:37:03","date_gmt":"2023-08-08T09:07:03","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=106421"},"modified":"2023-08-08T14:37:05","modified_gmt":"2023-08-08T09:07:05","slug":"miniratna-stock-jumps-up-to-5-5-after-company-received-an-order-worth-700-cr","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/miniratna-stock-jumps-up-to-5-5-after-company-received-an-order-worth-700-cr\/","title":{"rendered":"Miniratna stock jumps up to 5.5% after company received an order\u00a0worth \u20b9 700 Cr"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-190474561\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The shares of one of the largest telecom infrastructure provider rose over 5.5 percent and hit a 52-week high of Rs 182.65 during early trade on Tuesday after the company received a work order worth Rs 700 crore.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3715122005\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>At 1:30 p.m., On the National Stock Exchange, Railtel Corporation of India Ltd shares were trading at Rs 176.80 a share, up Rs 3.80 or 2.20 percent from the previous close price. The company has a market capitalization of Rs 5,674 crore.\u00a0<\/p><p>As per company\u2019s exchange filing, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAILTEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">RailTel Corporation of India<\/a><\/strong> received an order worth Rs 700 crore from Pimpri Chinchwad Smart City Limited (PCSCL) to provide end-to-end services for the monetisation of PCSCL city Network Infrastructure on a revenue-sharing model.\u00a0<\/p><p>The stock has increased 57 percent in the previous six months and 78 percent in the last year.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2734363639\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Railtel Corporation of India is one of the country&#8217;s primary neutral telecom infrastructure providers., Company facilitates co-location for equipment of telecom operators at railway stations and also provides broadband and VPN services.&nbsp;<\/p><p>Railtel Corporation of India reported a return on equity ratio of 11.45 percent and return on capital employed at 14.21 percent.&nbsp;<\/p><p>In terms of revenue,Railtel Corporation of India reported a net profit of Rs 37 crore for the April-June quarter, up 48 per cent from Rs 25 crore reported in the corresponding period last year.Revenue from operations for June 2023 quarter grew 25 percent YoY to Rs 463 crore as compared to Rs 370 crore in the year-ago period.&nbsp;<\/p><p>As per current shareholding pattern,the promoters own 72.84 percent of the company,domestic institutional investors own 2.2 percent and retail investors own 23.64 percent&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by Omkar Chitnis<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-2162491698\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The shares of one of the largest telecom infrastructure provider rose over 5.5 percent and hit a 52-week high of Rs 182.65 during early trade on Tuesday after the company received a work order worth Rs 700 crore.&nbsp; At 1:30 p.m., On the National Stock Exchange, Railtel Corporation of India Ltd shares were trading at [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":69898,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[5236,10422,10671,10672,10638,948,936,10673],"class_list":["post-106421","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-miniratna-stock","tag-miniratna-stock-2023","tag-railtel-corporation-latest-news","tag-railtel-corporation-latest-orders","tag-railtel-corporation-share-price","tag-stock-market","tag-stock-market-news","tag-why-is-railtel-corporation-share-going-up"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - 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