President of India's portfolio stock received order of Rs 18,21,33,918 from the Ministry of Defence - Order book Rs 4800 crore!

As India sets sail towards claiming its position as the world's third-largest economy, PSUs stand firm as the backbone of progress.

On Friday, amidst a tumultuous dance of stocks in the market, a captivating narrative unfolded within the realm of Public Sector Undertakings (PSUs). While the majority of stocks stumbled, the spotlight found its way to PSUs following recent comments from the Prime Minister, triggering a sharp rally. Market participants found themselves in a dichotomy, with some expressing concerns about valuations while others embraced a vision of PSUs as the stalwart pillars of India's growth and development.

As India sets sail towards claiming its position as the world's third-largest economy, PSUs stand firm as the backbone of progress. With reform winds blowing stronger, PSUs are poised to emerge as even more robust and dynamic players across various sectors. Despite global trends leaning towards privatization, the enduring relevance of public enterprises cannot be underestimated. Indeed, the success stories of savvy investors who have capitalized on this narrative stand as a testament to the untapped potential inherent in PSUs.

Amidst this intriguing backdrop, Railtel Corporation Ltd. has received a significant work order from the Ministry of Defence for laying OFC cables and maintenance over a three-year period. The order, amounting to a substantial Rs 18,21,33,918 (Including Tax), not only adds to the company's coffers but also underscores its pivotal role in critical infrastructure projects.

Railtel Corporation boasts an impressive order book as of December 31, 2023, exceeding Rs 4800 crore, with expectations of further inflows ranging between Rs 4000 to 5000 crore. Notably, the company's stock has delivered multibagger returns over the past year, skyrocketing by an astounding 256 per cent, making it a compelling candidate to keep on your radar.

Adding to the intrigue, the fact that the President of India holds a commanding 72.84 per cent stake in the company adds another layer of significance to Railtel Corporation's journey.

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