Rs 4,600 crore order book: This multibagger railways telecom company bags order worth Rs 351.95 crore from Municipal Corporation of Greater Mumbai
The stock gave multibagger returns of 247.95 per cent in a year.
RailTel Corporation of India Ltd has received the work order from Municipal Corporation of Greater Mumbai for Supply, Installation, Testing, Commissioning, Operations & Maintenance of HMIS for Health Department of BMC amounting to Rs. 3,51,95,23,654 (Excluding GST).
Earlier, RailTel Corporation of India Ltd has received the work order from Odisha Computer Application Centre (“OCAC”) amounting to Rs. 113.46 crore (Including GST) for IP-MPLS Network Connectivity in Odisha under Odisha Net Phase 1.0.
RailTel was established to provide statewide broadband and VPN services, as well as a telecom and multimedia network, with the aim of updating Indian Railways' train control operation and safety system. It is a Government of India "Miniratna" PSE. Currently, RailTel's network covers all significant commercial hubs and travels through over 6,000 stations nationwide.
DSIJ offers a service 'Technical Advisory Services' with recommendations for best swing trading stocks based on research and analysis to help subscribers make healthy profits. If this interests you, then do download the service details pdf here
Today, shares of RailTel Corporation of India Ltd soared 0.90 per cent to Rs 355.60 per share with an intraday high of Rs 378.70 and an intraday low of Rs 351.35. The stock gave multibagger returns of 247.95 per cent in a year.
According to Quarterly Results, the net sales increased by 47.1 per cent to Rs 668.36 crore and net profit increased by 94.5 per cent to Rs 62.14 crore in Q3FY24 compared to Q3FY23. According to nine-month results, the net sales increased by 37.7 per cent to Rs 1,735.12 crore and net profit increased by 49.2 per cent to Rs 168.68 crore in 9MFY24 compared to 9MFY23.
As of December 31, 2023, the company has a healthy order book of over Rs 4,600 crore. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.