Rs 294.37 crore order: This Mini-Ratna enterprise receives order from Tamilnadu State Marketing Ltd!
The stock is up by 39 per cent in just 1 year.
RailTel informed the exchanges (BSE Script Code: 543265; NSE Script Code: RAILTEL) has received the work order from Tamil Nadu State Marketing Corporation Ltd. (“TASMAC”) for the implementation of the project on integrated solution enabling End-to-End computerization & connectivity of core and support functions of TASMAC for a period of 5 years amounting to Rs. 294.37 Crore (including taxes).
On Monday, shares of RailTel Corporation of India Ltd gained 0.16 per cent to Rs 128.05 per share with the day’s high of Rs 129.65 and the day’s low of Rs 126.50. The stock has a 52-week high of Rs 148.70 and a 52-week low of Rs 90.85.
RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways.
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Talking about the financials, the company reported positive results in its quarterly and annual financial statements. In the fiscal year 2022-2023, the company reduced its debt, and as of today, its total debt is only about Rs 30 crore. The stock is up by 39 per cent in just 1 year.
The company has provided a healthy dividend pay-out in the current fiscal year with a dividend yield of 2.50 per cent. The firm has a PE of 21x whereas the sectoral PE is 45.50x. Investors should keep an eye on this small-cap Mini-Ratna enterprise’s stock.