Big Railway Order: Rs 124,90,58,743 received by this PSU multibagger stock; the company expects the order inflow to double!

This initial upswing in the stock price can be attributed to a significant announcement made earlier today regarding a substantial work order secured by the company.

The Indian markets commenced Monday's morning session on a subdued note, with the Nifty 50 trading flat and the Nifty Bank experiencing a modest decline of 0.30 per cent. Nevertheless, there is notable buying interest in the Nifty Mid-Cap and Small-Cap indices, both exhibiting positive trends at 0.53 and 0.85 per cent, respectively.

Drawing attention among market participants is RailTel Corporation of India Ltd, a small-cap entity that has seen its stock surge by 1.5 per cent. This initial upswing in the stock price can be attributed to a significant announcement made earlier today regarding a substantial work order secured by the company.

RailTel Corporation has successfully received a work order from Western Railways, amounting to Rs 124.90 crore. The nature of the order involves the implementation of a unified communication infrastructure, encompassing IPMPLS LAN Infra, VOIP exchange, IP-based control communication, and the replacement of UTN over Western Railway. The stipulated time period for the execution of this order spans from February 4, 2024, to August 3, 2025.

With a robust order book valued at approximately Rs 4800 crore, the company anticipates a substantial order inflow ranging between Rs 4000 to Rs 5000 crore in the upcoming year. This is a significant increase compared to the order inflow of Rs 2000 crore recorded in the previous year.

The stock has demonstrated remarkable performance, delivering multibagger returns over the last year, with an impressive increase of 286.35 per cent. Furthermore, in the last three months alone, it has witnessed a notable surge of 82.47 per cent.

Disclaimer: The article is for informational purposes only and not investment advice.