23 Oct 2024

RailTel Corporation Gains After Securing Contract from South Eastern Railway

RailTel Corporation's stock is currently trading at Rs. 392.50, up by 1.40 points or 0.36% from its previous close of Rs. 391.10 on the BSE.

The stock opened at Rs. 390.05, reaching a high of Rs. 399.35 and a low of Rs. 376.00 during the session. A total of 152,373 shares have been traded so far.

This BSE 'A' group stock, with a face value of Rs. 10, reached its 52-week high of Rs. 618.00 on July 12, 2024, and its 52-week low of Rs. 202.45 on October 26, 2023.

Over the past week, the stock saw a high of Rs. 447.10 and a low of Rs. 376.00. The company's current market capitalization stands at Rs. 12,376.99 crore.

Promoters hold 72.84% of the company, while institutional investors and non-institutional investors own 3.66% and 23.50% respectively.

RailTel Corporation has won a contract from South Eastern Railway for the installation of an electronic interlocking system and signaling arrangements at Bondamunda K, D, E & J Cabins. The total value of the order, including taxes, is Rs. 36.78 crore, with the project expected to be completed by October 16, 2025.

RailTel is a key provider of broadband telecom and multimedia networks across India.