Railtel Corp Share Price Rises As Company Fetches Order Worth Rs 288.15 Crore
Railtel Corp of India share price rose 3.27% to Rs 315.50 apiece.
Railtel Corp of India's share price rose on Monday as the company received an order worth Rs 288.15 crore from the East Central Railway. The order is for indigenous train collision avoidance system on low density railway track.
The company will conclude the project work by February 2027, it said in the exchange filing.
Last week, Railtel Corp also fetched a service order from the High Court of Jammu & Kashmir and Ladakh worth Rs 22.44 crore. The company will complete the project by Aug 19, 2025.
Railtel Corp snapped a two-day losing streak on Monday.
Railtel Corp of India share price rose 3.27% to Rs 315.50 apiece. It pared early gains to trade 1.31% higher at Rs 309.50 apiece as of 10:29 a.m., as compared to a 1.01% decline in the NSE Nifty 50 index.
The stock declined 26.44% in 12 months. Total traded volume so far in the day stood at 3.9 times its 30-day average. The relative strength index was at 37.86.
Two analysts tracking the company maintain a 'sell' rating, according to Bloomberg data. The average 12-month consensus price target implies a downside of 10.0%.
