Railtel Corporation of India Ltd (RAILTEL)

RailTel Wins Work Order Worth Rs 186.81 Crore - 23 Jul, 2024

RailTel Corporation of India Ltd gains nearly 5% after securing a fresh order win from the Ministry of Railways valued at Rs 186.81 crore. The company's Q4FY24 revenue increased by 19%, while its net profit rose by 4%. Its order book stood at Rs.4,682 crore with an expected inflow of Rs 4,000-5000 crore in FY25.

RailTel Secures Order Worth Rs 187 Crore; Fixes Record Date for Final Dividend - 22 Jul, 2024

RailTel Corporation of India has secured an order worth Rs 186.81 crore from the Ministry of Railways for a hospital management information system and integrated empanelled hospital referral portal. The company also fixed August 14, 2024, as the record date for its final dividend of Rs 1.85 per share for FY24.

Railway Stocks in Focus Ahead of Union Budget - 16 Jul, 2024

Ahead of the Union Budget presentation on 23 July, railway stocks such as Rail Vikas Nigam (RVNL), Indian Railway Finance Corporation (IRFC), Ircon International, and RailTel Corporation of India are showing profits ranging from about 11% to 112%. The government plans dedicated tracks for coal and mineral transport, improved port connectivity, and congestion-reducing measures. Expectations include a budgetary allocation increase to between Rs 2.8-2.95 lakh crore, with ongoing priorities being economic rail corridors and station redevelopment.

RailTel Hits 52-Week High on Strong Order Book Position - 12 Jul, 2024

Shares of RailTel Corporation of India Ltd surged by 17.53% to hit a new 52-week high of Rs 611.10 amid heavy volumes after winning multiple orders worth Rs 161 crore. The company also recommended a final dividend of Rs 1.85 per share for FY24.

RailTel Board Recommends Final Dividend for FY23-24 - 09 Jul, 2024

RailTel Corporation's board has recommended a final dividend of Rs 1.85 per equity share for FY23-24, in addition to an interim dividend of Rs 1 per share already paid. The stock closed 2.83% higher at Rs 534.90 on Monday and has gained 302% in a year.

RailTel Shares Reach All-Time High - 07 Jul, 2024

Brokerage firm Axis Direct suggests buying RailTel shares for 30 days with a target price of Rs 585. The company's shares have provided returns of over 45% in one month and around 4x returns to investors in a year, increasing by 464% in two years. RailTel's current market capitalisation is Rs 16,695.2 crore.

RailTel Shares Surge on Order Wins and Strong Financial Performance - 05 Jul, 2024

RailTel Corporation of India's shares surge to a new record high of ₹534.40 per share after securing its fifth order win in less than a month. The PSU has received orders worth more than Rs. 2,000 crores during the current year and is expecting an order inflow of Rs. 4,000 to 5,000 crores next year. Additionally, RailTel's financial performance has been strong, with revenue and net profits increasing significantly YoY.