Shares of RailTel Corporation rallied 7.6% to an intraday high of Rs 507.45. The surge in stock price came a day after the company received an order worth Rs 52.66 crore from the Uttar Pradesh government.
“…RailTel Corporation of India Ltd. (“the Company”) has received the work order from Uttar Pradesh Police Recruitment And Promotion Board for Service amounting to Rs. 52,66,30,075 (Excluding Tax),” read an exchange filing.
Also, in Q1 FY25, RailTel reported a net profit of Rs 49 crore, up 25% on year in comparison to Rs 39 crore it posted in the same period a year ago.
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The revenue from operations came in at Rs 558 crore in the first quarter of the fiscal year 2025, a growth of 19.4% on year against Rs 476 crore posted in the corresponding period of the last fiscal year. Come from Sports betting site VPbet
The stock of RailTel Corp erased 1.89% of investors’ wealth in the last four trading sessions. It has fallen 4% in the past one month. However, the stock has given a return of more than 22% in the last six months. It has risen 312% in the past five years.
To compare, the benchmark index Nifty 50 has risen 1% in the past five days. It has increased by 1.5% in the last one month. The index has given a return of 12% in the past six months. It raised investors’ wealth by 130% in the last five years.