Rs 4,800 crore order book: This multibagger railways telecom company receives new order worth Rs 1,39,73,56,000 from Prasar Bharati Broadcasting Corporation of India
The stock gave multibagger returns of 289 per cent from its 52-week low of Rs 96.20 per share.
RailTel Corporation of India Ltd informed that the company has received the work order from Prasar Bharati Broadcasting Corporation of India for the selection of a master system integrator for the design, development, implementation, operations and maintenance of the OTT platform The order is worth Rs 1,39,73,56,000 (including tax) and will be completed by December 11, 2024.
Earlier, the company received a work order amounting to Rs 18,21,33,918 (including GST) from the Ministry of Defence for the laying of OFC cable and maintenance for a period of three years.
Today, shares of RailTel Corporation of India Ltd gained 2.26 per cent to Rs 384.90 per share with an intraday high of Rs 391.50 and an intraday low of Rs 378.90. The stock gave multibagger returns of 289 per cent from its 52-week low of Rs 96.20 per share.
DSIJ’s 'Multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia networks, to modernize the train control operation and safety system of Indian Railways. The company’s market cap of over Rs 12,353 crore and has been maintaining a healthy dividend payout of 43.2 per cent.
According to Quarterly Results, the net sales increased by 47.1 per cent to Rs 668.36 crore and net profit increased by 94.5 per cent to Rs 62.14 crore in Q3FY24 compared to Q3FY23. According to nine-month results, the net sales increased by 37.7 per cent to Rs 1,735.12 crore and net profit increased by 49.2 per cent to Rs 168.68 crore in 9MFY24 compared to 9MFY23. As of December 31, 2023, the company has a healthy order book of over Rs 4,800 crore. Investors should keep an eye on this Small-Cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
For more such updates on the go, Click here to join our WhatsApp Channel