Rs 5,100 crore order book & Quant MF bought 22,50,000 shares: This multibagger railways telecom company bags order worth Rs 1,62,73,00,000 from Navodaya Vidyalaya Samiti!
The stock gave multibagger returns of 347 per cent from its 52-week low of Rs 96.20 per share.
RailTel Corporation of India Ltd informed that the company has received the work order from Navodaya Vidyalaya Samiti (NVS) for the supply & implementation of integrated infrastructure & IT solutions under the PM SHRI Scheme in JNVs Schools amounting to Rs 1,62,73,00,000 (Including Tax) for a service period of 180 days.
Earlier, the company received the work order amounting to Rs 82,41,95,412 (including GST) from South Central Railway for comprehensive ground infrastructure works for provision of 4G LTE-R in 523 RKM of Secunderabad Division in South Central Railway. The order will be completed by September 08, 2025.
Today, shares of RailTel Corporation of India Ltd plunged 1.60 per cent to Rs 430.25 per share with an intraday high of Rs 446.65 and an intraday low of Rs 428. The stock gave multibagger returns of 347 per cent from its 52-week low of Rs 96.20 per share.
RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks, to modernize the train control operation and safety system of Indian Railways. The company’s market cap of over Rs 13,000 crore and has been maintaining a healthy dividend payout of 43.2 per cent. In the third quarter of the fiscal year 2024, Quant Mutual Fund (Small-Cap) bought an additional 22,50,000 shares and increased their stake to 2.45 per cent from 1.75 per cent in the September quarter of the same fiscal 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 September 30, 2023, the company has a healthy order book of over Rs 5,100 crore. Investors should keep an eye on this small-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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