Railtel IPO strategy with Anil Singhvi: Share price rises 5 pct on debut today

Railtel Stock Listing – Railtel Corporation Of India stock was listed on the stock exchanges on Friday. The Railtel Stock was listed at Rs 109 on the NSE while at Rs 104.60 on the BSE as gainst the issue price of Rs 94. At 10:26 am, this stock was trading at Rs 114 on the NSE, up by 4.5 per cent or Rs 5 from the listing price.  

This stock was listed at a premium on the BSE and NSE.

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Railtel Stock strategy with Anil Singhvi – In chat with Zee Business Managing Editor Anil Singhvi, market expert Ambareesh Baliga said that he had recommended this stock with a long term perspective. He said that Railtel was a very unique company. He said that the way this company has been able to create a network in rural areas, it will be a major player in the rural parts of the country. 

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RailTel- इश्यू प्राइस ₹94 के मुकाबले NSE पर ₹109 और BSE पर ₹104.60 पर लिस्ट हुआ#RailTel #IPO @AnilSinghvi_ pic.twitter.com/K8WL4tYQ0K

— Zee Business (@ZeeBusiness) February 26, 2021

Incorporated in 2000, RailTel Corporation is a public sector business unit, wholly owned by the Government of India (GOI) and administered by the Ministry of Railways. It is an Information and Communication Technology (ICT) infrastructure provider company.

The company was established with the key objective to modernize telecom infrastructure and today, it is one of the largest telecom infrastructure providers. RailTel uses the latest technology like high dense wavelength division multiplexing (DWDM) and multi-protocol label switching (MPLS) network. The company has data centers in Haryana, Gurugram, Secunderabad, and Telangana.