200 per cent multibagger returns in just 1 year: This miniratna railway company secured order worth Rs 51,53,29,790 from Central Warehousing Corporation
The company's shares have delivered an impressive return of over 273 per cent to their shareholders.
RailTel Corporation of India Limited was established in 2000 with the aim of developing nationwide broadband and VPN services, telecommunications, and multimedia networks to modernize the train control operation and safety system of Indian Railways. Designated as a "Miniratna" Public Sector Enterprise (PSE) by the Government of India, RailTel currently boasts a network that traverses approximately 6,000 stations throughout the country, encompassing all major commercial centers.
RailTel Corporation Order Details:
RailTel Corporation of India has received a work order from the Central Warehousing Corporation for the supply, installation, testing, and commissioning of a Modern Video Surveillance System across India. The contract is valued at Rs. 51,53,29,790 (including tax). The order or contract is scheduled to be executed by November 30, 2029.
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Share Performance and Financial Performance of RailTel Corporation
On Friday, the company's stock closed at around Rs 360.80 per share, with a market capitalisation of Rs 11,579 crore. Additionally, the stock has delivered a multibagger return of around 198 per cent in the past one year.
As per the Quarterly Results of Q4 FY24, RailTel reported revenue of Rs 833 crore, representing a year-on-year growth of 19.40 per cent from Rs 697 crore in the same quarter last year. The company posted an operating profit of Rs 117 crore, compared to a profit of Rs 98 crore in the same quarter last year. The company’s net profit stood at Rs 78 crore in the March quarter.
Investors must keep this Small-Cap multibagger stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.
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