Shares of RailTel Corporation of India Ltd surged 3% to touch a day’s high of Rs 315.50 on 24th February after the company announced securing an order worth Rs 288 crore from East Central Railway.
The project involves implementing Kavach, an Indigenous Train Collision Avoidance System, on a low-density railway track spanning 502.2 RKm in East Central Railway.
As stated in its official announcement, the company must complete the order by 20th February 2027.
RailTel’s Relative Strength Index (RSI) is 34.5, indicating the stock is neither overbought nor oversold on the charts. Currently, the company’s market capitalisation stands at around Rs 9,973 crore.
At 11:22 AM, the shares of RailTel were trading 1.52% higher at Rs 310.15 on NSE.
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