Rs 4,700 Crore Order Book: This PSU Miniratna Railway Company Bags Order Worth Rs 23,96,16,993: Stock Gains Over 280 per cent in Just 1 Year
The company’s shares have delivered an impressive return of over 280 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.
According to the press release, RailTel Corporation of India Ltd has received a work order from Webel Technology Limited for the upgradation and enhancement of existing IT & Non-IT DC infrastructure at WBSDC Monibhandar, amounting to Rs 23,96,16,993 (including tax). The orders/contracts are to be executed by September 25, 2024.
RailTel Corporation of India Ltd shares closed the day at Rs 487.15 per share. The company’s current market capitalization stands at Rs 15634.51 crore. The stock has delivered a return of over 280 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.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Related articles
-
Rs 5,254 Crore Order Book: Navratna PSU Telecom Company Bags New Order Worth Rs 11,11,80,027 From Mahatma Phule Krisihi Vidyapeeth
-
Rs 5,254 Crore Order Book: Navratna PSU Telecom Company Bags New Order Worth Rs 24,50,00,000 From Haryana State Electronics Development Corporation Ltd
-
Railway Company Secures Order Worth Rs 29.56 Crore from EPFO and South-Central Railways – FIIs Increased Stake in September Quarter
-
Multibagger Defence Company Wins L1 Bid for Prestigious Water Treatment Plant Project in Northern India – Q2 FY25 Profit Soars 180 Per cent, Margins Nearly Double
-
Railway Stock with 200 Per cent Multibagger Returns in Just 6 Months: Anti-Collision Device Manufacturer Bags Order Worth Rs 2,041.40 Crore – Both FIIs and DIIs Purchase Stake