Rs 4,700 crore Order Book: President of India-Backed Stock Surges Over 12 per cent After Securing Order Worth Rs 20,22,05,784 Order from South Central Railway!

The company’s shares have delivered an impressive return of over 265 per cent in just 1 year.

The shares of RailTel Corporation of India, established in 2000, aims to build a nationwide broadband and VPN services network, enhancing telecom and multimedia services while modernizing Indian Railways' train control and safety systems has attracted great attention from investors on Friday leading stock surged around 13 per cent with substantial volume. 

Recently, RailTel Corporation of India secured a significant work order from South Central Railway for telecommunications infrastructure. This project involves deploying IP-MPLS across 523 KMs in the Secunderabad division, with a total value of Rs 20,22,05,784 (including taxes). The order or contract is to be executed by June 18, 2025.  Furthermore, earlier this month the company bagged three orders worth over Rs 116 crore, and this recent order marks the fourth order of the month.

Share Performance:

On Friday RailTel Corporation of India shares closed the day at Rs 476.20 per share. The company’s current market capitalization stands at Rs 15,283.09 crore. The stock has delivered a multibagger return of over 265 per cent in the past 1 year.

Financial performance:

According to the Quarterly Results, in Q4 FY24, RailTel Corporation of India reported a revenue of Rs 833 crore and an operating profit of Rs 117 crore. The operating profit margin for the quarter stands at 14 per cent. The company’s net profit stood at Rs 78 crore. In FY24, the company reported a revenue of Rs 2568 crore compared to Rs 1947 crore, and a net profit of Rs 246 crore, compared to a profit of Rs 187 crore in the previous year.

Investors must keep this Small-Cap stock on their radar.

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