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RailTel shares fell over 5% despite bagging order worth Rs 15 crore from HPSES

  • by Psu Connect
  • Date: 06-01-25

The stock reached a low of Rs 398.6 during intraday trading and is currently below its moving averages across multiple time frames. Over the past month, it has declined by 8.67%.

RailTel shares fell over 5% despite bagging order worth Rs 15 crore from HPSES
RailTel shares fell over 5% despite bagging order worth Rs 15 crore from HPSES

Railtel Corporation of India, a mid-cap player in the telecommunications equipment sector, saw a significant decline in its stock price on January 6, 2025, with a drop of 5.57%. The stock underperformed compared to its industry, which experienced an overall decrease of 7% for the day. This decline marks a reversal of the previous trend, as Railtel had enjoyed four consecutive days of gains before this downturn. 

Additionally, the company announced that it received a work order from HPSES for the HPSES-(SS) HQ-language lab-STARS-2024-25-2416, amounting to Rs 14.63 crore. The contract is scheduled for completion by April 10, 2025.

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The stock reached a low of Rs 398.6 during intraday trading and is currently below its moving averages across multiple time frames. Over the past month, it has declined by 8.67%.

RailTel Corporation of India reported a 6.58% rise in standalone net profit to Rs 72.64 crore on a 40.78% jump in revenue from operations to Rs 843.49 crore in Q2 FY25 over Q2 FY24.

 

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