Rs 4,700 Crore Order Book: This PSU Miniratna Railway Company Bags Order Worth Rs 23,96,16,993: Stock Gains Over 280 per cent in Just 1 Year

The company’s shares have delivered an impressive return of over 280 per cent in the past 1 year only.

RailTel Corporation of India Ltd was incorporated in 2000 to create nationwide broadband and VPN services, a telecom and multimedia network, and modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. Currently, RailTel's network passes through approximately 6,000 stations across the country, covering all major commercial centers.

According to the press release, RailTel Corporation of India Ltd has received a work order from Webel Technology Limited for the upgradation and enhancement of existing IT & Non-IT DC infrastructure at WBSDC Monibhandar, amounting to Rs 23,96,16,993 (including tax). The orders/contracts are to be executed by September 25, 2024.

RailTel Corporation of India Ltd shares closed the day at Rs 487.15 per share. The company’s current market capitalization stands at Rs 15634.51 crore. The stock has delivered a return of over 280 per cent in just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, RailTel Corporation of India Ltd recorded a revenue of Rs 833 crore. The operating profit for Q4 FY24 stood at Rs 117 crore. The net profit for Q4 FY24 was Rs 78 crore. Looking at the annual performance, the company generated a revenue of Rs 2568 crore in FY24, compared to Rs 1947 crore in FY23. The operating profit for FY24 was Rs 464 crore, with a net profit of Rs 246 crore.

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

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