FII bought 56,10,000 shares and Rs 5,100 crore order book: This multibagger railway telecom stock bags new order worth Rs 143.02 crore!

Shares of the company have gained more than 130 per cent in the last six months.

RailTel Corporation of India Limited has been awarded a significant contract worth Rs. 76.19 crore by the Bihar Education Project Council. This domestic contract involves the supply of teaching and learning materials for Class I to III under a rate contract.

Furthermore, RailTel Corporation of India recently bagged a significant work order worth Rs. 66.83 crore by N F Railway Construction. The project involves the comprehensive supply, installation, testing, and commissioning of an integrated tunnel communication system, emergency call arrangements within tunnels, and IPIS (Integrated Passenger Information System) at stations along the Bhairabi-Sairang New Single Line Section of Lumding Division.

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RailtelCorporation of India Limited (Railtel) is a Miniratna (Category-I) PSU, which owns a pan-India optic fiber network providing broadband and multimedia services, along with modernization and maintenance of the communications network of the Indian Railways. The company now offers services to other private and government clients as well. It has two main lines of business: telecom and projects.

The company has an order book of Rs 5,100 crore. The stock has also delivered multibagger returns of about 140 per cent in the last one year. In September 2023, Quant Mutual Fund bought 56,10,000 shares of the company. FIIs and DIIs increased their stake in the company in September 2023.

The stock has shown tremendous growth and investors should keep a close eye on this stock.

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