RailTel Corporation shares jump 4% after securing Rs 23.18 crore order


Shares of RailTel Corporation of India climbed 4.17% to an intraday high of Rs 294.20 on Friday after the company secured a Rs 23.18 crore work order.

The contract, awarded by the Goa Building and Other Construction Workers Welfare Board, involves developing a dedicated online portal to streamline the board’s services and operational process

The project is scheduled for completion by June 8, 2026.

This contract is a domestic, project-based order. Neither RailTel promoters nor related companies have any stake in the awarding entity, meaning this is not a related-party transaction.

In February this year, the company secured a significant infrastructure contract worth Rs 455 crore.

RailTel received a Letter of Acceptance (LoA) from West Central Railway for a major project valued at Rs 454.95 crore, which is scheduled to be completed by September 24, 2028—a project duration of 960 days. The contract’s terms and conditions will be governed by the LoA.

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RailTel Corporation of India currently has a
market capitalisation of around Rs 9,400 crore. The stock is trading significantly below its 52-week high of Rs 478.95, while its 52-week low stands at Rs 245. Over the past year, the stock has delivered largely flat returns, gaining just about 2%.From a valuation perspective, the stock is trading at a price-to-earnings (P/E) ratio of 28.5 and a price-to-sales (P/S) ratio of 2.79.

On the technical front, the 14-day Relative Strength Index (RSI) is at 50.8, indicating neutral momentum (with readings below 30 considered oversold and above 70 overbought). Additionally, the stock is trading below 4 out of its 8 key simple moving averages (SMAs), including all major medium- to long-term averages ranging from the 50-day to the 200-day moving averages, suggesting a weak broader trend.

The company’s March quarter results are yet to be announced. However, for the December 2025 quarter, RailTel Corporation reported revenue of Rs 924 crore, reflecting an 18.1% year-on-year growth. During the same period, the company posted a net profit of Rs 62 crore.

(Disclaimer: The recommendations, suggestions, views, and opinions given by the experts are their own. These do not represent the views of The Economic Times.)



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