Multi bagger Railway stock, Railtel shares in focus amid securing multiple orders

Shares of Public Sector telecom optical-based, RailTel Corporation of India Ltd are in focus as the firm received work orders worth Rs 137.82 crore. The PSU received an order worth Rs 14.71 crore from from Airports Authority of India, Chennai (Including Tax).

The nature of the order involves SITC of Servers, Storage, Software, and Networking for the SCCTV System with three years onsite warranty and three years CAMC with spares at Chennai Airport. 

The rail firm also won three orders worth Rs 123.11 crore from the State Project Director (Spd) Bihar Education Project Council (Bepc). 

The shares of the company are currently trading higher by 1.9% at Rs 329.85. The market capitalization of the firm stood at Rs 10.59K crore. The dividend yield is at 0.61%. 

Read Also : BHEL Bags Order for Steam Generator (Boiler) Island Package for Thermal Power Station in West Bengal

The railway stock has lost 11% in a year and gained 181% in two years. The stock fell to a 52-week low of Rs 301.35 on March 14, 2023, and rose to a record high of Rs 618 on July 12, 2024. 

The stock has a one-year beta of 1.9, indicating high volatility during the period. The relative strength index (RSI) of RailTel stands at 32.8, signaling the stock is neither overbought nor oversold on charts.

Read Also : 10 Million orders placed online this Valentine's season, reports Unicommerce