Multibagger Railway Stock: Railways is one of the sectors that has received much discussion in the last one year. Shares of Railtel Corporation of India have seen a jump of more than 5 percent today. New work orders are believed to be the reason behind the surge in the company’s shares.
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The stock opened at Rs.390 in the market. The company’s intra-day high rose over 5 percent to Rs. reached the level of 400. Let us tell you that the 52-week high of the company is Rs 491.15. The company’s 52-week low is Rs. is 123.05. The market cap of the company is Rs. 12,375.38 crores.
Supply, installation, commissioning and integration of ICT along with other works are part of the project, the company said in a disclosure to the stock markets. The cost of this project is Rs 81,45,64,548. Let us tell you that the work has been received from the company National Informatics Center Services. Railtel Corporation of India has got this job on 31 August 2024.
The company received a Rs. 17.21 crore work has been received.
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How is the company performing in the stock markets?
The share price of the company has seen an increase of 7.8 percent in the last one month. The share price of the company has seen an increase of more than 34 percent in the last 6 months. At the same time, the share price has increased by 198 percent in one year. It means that the money of permanent investors has doubled during this period.
This is a government company. The total share of this government till March 2024 was 72.80 percent. While the share of public was 22.32 percent. FIIs hold 2.2 percent and MFs 2.55 percent.