Stock below Rs 120: This PSU company receives an order worth Rs 33.29 crore!
With a market valuation of Rs 3,693 crore, the firm has a PE of 21.96 per cent and an ROE of 14.49 per cent.
On Friday, shares of RailTel Corporation of India Ltd rose by 3.04 per cent to an intraday high of Rs 117 per share from its previous closing of Rs 113.55. At 03:30 pm, shares of the company ended the day higher, up 1.32 per cent to Rs 115.05 per share.
Recently, Railtel informed that the company has received the work order from Bangalore Metro Rail Corporation Ltd for supply, installation testing and commissioning of the IT network infrastructure amounting to Rs. 27.07 crore (excluding taxes) and a comprehensive annual maintenance contract amounting to Rs. 6.22 crore (excluding taxes) per year for 5 years extendable to 10 years.
RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways.
Talking about the financials, the company reported positive numbers in its Quarterly Results and full annual consolidated financial statements. In FY22, net sales rose by 12.38 per cent and net profit skyrocketed to 46.68 per cent compared to FY21. With a market valuation of Rs 3,693 crore, the firm has a PE of 21.96 per cent and an ROE of 14.49 per cent.
The stock has a 52-week high of Rs 148.70 and a 52-week low of Rs 84. Investors should keep an eye on this Small-Cap PSU stock.