Shares of this Navaratna PSU surge over 7%; heres why
The company also noted that the order will be executed by August 2025.
RailTel Share Price news: Shares of a Navaratna PSU company RailTel Corporation of India, a telecom service provider, surged over 7 per cent on Thursday, January 2, 2025, as the company received a new order from Bharat Coking Coal Limited.
At around 1 pm, the stock was up around 4.5 per cent by Rs 18.2 at Rs 423.15 apiece, while at the day's high it scaled Rs 433.95 per share
The PSU company has bagged an order amounting to Rs 78.43 crore for Integrated IT-based security infrastructure together with various type of services. And, the said contract has to be completed by August 28, 2025, added the company's filing with the stock exchanges.
RailTel Stock Past Performance: Delivered 20 per cent in the past year
Over one year the RailTel stock has given a return of 20 per cent, outperforming the Nifty50 index. Meanwhile, the 50-share basket has given a return of 10.57 per cent in the same period.
About RailTel
Based out of Delhi, the company provides broadband and VPN services. The company also provides telecom & IT infrastructure consultancy services.
Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.