PSU Railway Company with Rs 4,700 Crore Order Book, Announces Dividend: Stock Hits Fresh 52-Week High with Heavy Volumes Today!
FIIs increased their stake and the company’s shares have delivered an impressive return of over 300 per cent in the past 1 year only.
RailTel Corporation of India Ltd was incorporated in 2000 to create nationwide broadband and VPN services, a telecom and multimedia network, and modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. Currently, RailTel's network passes through approximately 6,000 stations across the country, covering all major commercial centers.
In its latest announcement, RailTel's Board of Directors, in their meeting on Monday, July 8, 2024, recommended a Final dividend of 18.5 per cent of the paid-up share capital (Rs. 1.85/- per share) for the FY24. This Final Dividend supplements the Interim Dividend of Rs 1.00/- per share already distributed by the Company for the same fiscal year.
Today RailTel Corporation of India Ltd shares closed the day at Rs 534.90 per share and hit a 52-week high. The company’s current market capitalisation stands at Rs 17167 crore. The stock has delivered a return of over 300 per cent in just 1 year.
As per the Quarterly Results, in the fourth quarter of FY24, RailTel Corporation of India Ltd recorded a revenue of Rs 833 crore. The operating profit for Q4 FY24 stood at Rs 117 crore. The net profit for Q4 FY24 was Rs 78 crore. Looking at the annual performance, the company generated a revenue of Rs 2568 crore in FY24, compared to Rs 1947 crore in FY23. The operating profit for FY24 was Rs 464 crore, with a net profit of Rs 246 crore.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.