Shares of RailTel Corporation of India Ltd rallied 9% to touch the day’s high of Rs 426.40 on 1st February, after the firm informed the exchanges that it had secured multiple orders worth Rs 220 crore.
The first order worth Rs 100 crore is from a Defence PSU to set up a DC and DR centre, with completion by May 2025 and quarterly payments.
The second order worth Rs 104 crore is from Maharashtra State Power Generation Company Ltd. to restructure its IT network across nine plants and three offices, to be completed by January 2030.
The third order worth Rs 15.98 crore is from the Department of Education (Samagra Shiksha) for establishing robotics, drone, and Atal Tinkering Labs in 160 government schools in Himachal Pradesh by November 2025.
For the December quarter, RailTel posted a 15% revenue growth, but its EBITDA fell nearly 7%, and margins narrowed compared to last year.
Railway stocks, including RailTel, are focused ahead of the Union Budget due to expectations of higher capex allocation and potential gains for companies linked to KAVACH and rolling stock procurement.
At 10:35 AM, the shares of RailTel were trading 2.95% higher at Rs 418.60 on NSE.
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