RailTel Corporation of India saw a notable surge in its stock price, trading at ₹419.00, up by 22.30 points (5.22%) from its previous close of ₹396.70 on the BSE.
The stock, which opened at ₹397.00, reached a high of ₹420.55 and a low of ₹392.40 during the session, with a total of 1,60,765 shares traded. Over the past year, the stock hit a peak of ₹618.00 on July 12, 2024, and a low of ₹202.45 on October 26, 2023.
In the past week, the scrip has fluctuated between ₹428.75 and ₹376.00. RailTel’s market capitalization currently stands at ₹13,347.83 crore. The company’s promoters hold 72.84%, while institutional investors own 3.66%, and non-institutional investors hold 23.50%.
RailTel recently secured a significant work order from the Home Department of Gujarat, valued at ₹144.88 crore. The project involves the supply, installation, commissioning, and maintenance of a CCTV video surveillance system across multiple police stations and branches. The project is set to be completed by May 21, 2025.
RailTel Corporation plays a crucial role in providing broadband telecom and multimedia networks across India.