RailTel share price hits 20% upper circuit after steller listing in last session: Retail Investors are delighted

RailTel share price today: RailTel IPO listing happened on a strong note at Rs 109 on NSE on Friday. RailTel shares see strong buying after getting listed. Analysts say dealers are saying that some funds and AMCs are buying into the stock. RailTel share price closed at Rs 121.35 on Friday session even when the market was trading weak. Many broking houses had given strong recommendations to Subscribe for the IPO.

While the listing was tepid the stock saw follow up buying after listing. RailTel share price today is Rs 145, up Rs 24 or 19.5%. Dealing room check indicates that Domestic and Foreign funds are buying into the stock. Some analysts indicate that HNI are also seeing some active interest in the stock.
 

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Zee Business Managing Editor Anil Singhvi said that this company is a slow compounder and investors should stay invested for the long term. RailTel IPO was subscribed 42.39 times. RailTel IPO was subscribed 16.78 times in the retail category, 65.14 times in QIB, and 73.25 times in the NII category by Feb 18.
 
RailTel services:

Telecom Network Services – It includes National Long Distance (NLD) Services and Internet Service Provider (ISP) Services.
Telecom Infrastructure Services – It includes Passive Infrastructure (IP-1) services.
Managed Data Center and Hosting Services – It includes data centre and managed hosting services, telepresence services (TPaaS) and security operations centre as a services (SOCaaS).
Projects (System Integration Services) – It includes ICT Hardware, Software and Service System Integration Projects, Digital Services and other services including consultancy services for ICT services and solutions and signalling services for the Indian Railways.