The shares of the leading neutral infrastructure provider gained up to 2.4 percent after the company bagged a work order for Rs 90.08 crore from the Institute of Road Transport.
Price Movement
RailTel Corporation of India Ltd has a market capitalization of Rs 9,841.58 crore, the shares were trading at Rs 306.65 per share, increasing around 1.67 percent as compared to the previous closing price of Rs 301.60 apiece.
Reason for rise
The shares of RailTel Corporation of India Ltd have seen positive movement after bagging a work order for Rs 90.08 crore from the Institute of Road Transport for Design, Development, Supply, Implementation, Operations, and Maintenance of the Enterprise Resource planning system(ERP) for MTC Ltd. Chennai, TNSTC-Coimbatore, and TNSTCMadurai.
Also read: High dividend IT stock jumps 8% after signing ₹622 Cr contract with leading US TMT Co.
Financial Growth
Looking forward to the company’s financial performance, revenue magnified by 15 percent from Rs 668 crore in Q3FY24 to Rs 768 crore in Q3FY25, Further, during the same time frame, net profit zoomed by 5 percent from Rs 62 crore to Rs 65 crore.
Order Book
As per the recent filing, the order book of RailTel Corporation of India Ltd stands at approximately Rs 5,280 crore. This includes around Rs 1,960 crore worth of orders in the last nine months, Rs 790 crore received in Q3 alone, and reflects consistency compared to the previous financial year.
Company profile
RailTel Corporation of India Limited is an India-based neutral telecom infrastructure provider, which owns a Pan-India optic fiber network on right of way (ROW) along a railway track. The company’s segments include Telecom Services and Project Work Services.
Written by Abhishek Singh
Disclaimer
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.
