{"id":111314,"date":"2023-10-06T13:17:36","date_gmt":"2023-10-06T07:47:36","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=111314"},"modified":"2023-10-06T13:17:41","modified_gmt":"2023-10-06T07:47:41","slug":"psu-stock-jumps-2-after-it-bags-an-order-worth-68-cr-for-maintenance-of-disaster-recovery-centre","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-2-after-it-bags-an-order-worth-68-cr-for-maintenance-of-disaster-recovery-centre\/","title":{"rendered":"PSU stock jumps 2% after it bags an order worth \u20b9 68 Cr for maintenance of disaster recovery centre"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-412926526\"><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>This PSU stock gained 2.5 percent after the company bagged a major order worth Rs. 68 crore in Jammu smart city for Design, Supply, Operations and Maintenance of data centres and more.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2992339429\"><!-- 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 12.20, 6th october shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RAILTEL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Railtel Corporation of India Ltd<\/a><\/strong> were trading at Rs. 219.60, up by 2.5 percent from previous closing price of Rs. 214.20.\u00a0<\/p><p>Such bullish stock price movements are observed after the company announced through a regulatory filing on Bombay stock exchange (BSE) that they have received work order from Jammu smart city Ltd for Design, Supply, Installation, Testing, Commissioning and Operations and Maintenance of Data Centre and Disaster Recovery Centre for Integrated Command and Control Centre (ICCC). The value of order is 67.94 crores and contract duration is 36 months.&nbsp;<\/p><p>Looking at the financial statements, company\u2019s revenue increased by 24.08 percent to Rs. 467.61 crores in Q1FY24 from Rs. 376.85 crores in Q1FY23, in the same time period net profit increased by 48.51 percent to Rs. 38.39 crores from 25.85 crores.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-2863539147\"><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>Talking about the financial ratios, the company reported return on equity (ROE) of 11.91 percent and return on capital employed (ROCE) of 16.81 percent in the last financial year.&nbsp;<\/p><p>RailTel, a Central Public Sector Enterprise is an ICT provider and one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network. The OFC network covers important towns &amp; cities of the country and several rural areas.&nbsp;<\/p><blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p><strong>Written by: Vinit Israni<\/strong><strong>&nbsp;<\/strong><\/p><\/blockquote><h4 class=\"wp-block-heading\" id=\"h-disclaimer\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-medium\"><img decoding=\"async\" width=\"300\" height=\"300\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer-300x300.png\" alt=\"\" class=\"wp-image-26306\"\/><\/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-1107771612\"><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>This PSU stock gained 2.5 percent after the company bagged a major order worth Rs. 68 crore in Jammu smart city for Design, Supply, Operations and Maintenance of data centres and more. At 12.20, 6th october shares of Railtel Corporation of India Ltd were trading at Rs. 219.60, up by 2.5 percent from previous closing [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":28546,"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":[12895,12894,12893,948,936],"class_list":["post-111314","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-railtel-corporation-of-india-latest-orders","tag-railtel-corporation-of-india-latestnews","tag-railtel-corporation-of-india-share-price","tag-stock-market","tag-stock-market-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock jumps 2% after it bags an order worth \u20b9 68 Cr for maintenance of disaster recovery centre - 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