RailTel Corporation of India’s shares fell by 7% following its June quarter results. The company reported a year-on-year increase in net profit but saw a sequential decline.

RailTel shares tumble 7% post Q1 earnings; brokerage maintains ‘Sell’ rating

RailTel stock ended flat at Rs 495.90 on Thursday against the previous close of Rs 500.15 on BSE. Market cap of the firm stood at Rs 15,915 crore.

RailTel shares in news today as net profit rises 25% in Q1

Railtel Corporation of India standalone net profit rises 26.78% in the June 2024 quarter

RailTel Corporation had posted a net profit of Rs 38.39 crore in the same period last year. Revenue from operations also rose by 19%, totaling Rs 558.11 crore, up from Rs 467.61 crore in the previous year’s quarter.

RailTel Q1 Results: PAT jumps 27% YoY to Rs 49 crore, revenue rises 19%

Stocks related to infrastructure, railways, defence, capital goods, power, real estate, financials, fertilizer, manufacturing, textiles, agrochemicals and more will be in focus ahead of the Union Budget 2024.

Stocks in news: Suzlon Energy, HUL, RailTel, Federal Bank, SAIL, HCL Tech and MRPL

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Rail, defence, PSU stocks in focus ahead of Budget

The order involves design, development, implementation, operations and maintenance of the Health Management Information System and an Integrated Empanelled Hospital Referral Portal for Indian Railways

RailTel Corp Shares Gain After Rs 187-Crore Order Win From Railway Ministry

Gensol Engineering wins 116 MW solar project bid in Gujarat, RailTel secures Rs 186.81 crore order from Ministry of Railways.

Stocks that will see action today: July 23, 2024

RailTel Share Price: The uptick in the stock price came after the company announced that it has secured an order from the Ministry of Railways (Railway Board).

Viksit Bharat Budget 2024: RailTel stock rallies 5% on Rs 187 cr-order win

RailTel Corporation share price: RailTel’s order win announcement came post-market hours today. Earlier in the day, the stock settled 2.06 per cent higher at Rs 527 on NSE. At this price, it gained 49.27 per cent in 2024 so far.

RailTel Corporation secures Rs 187 crore order from government; stock up 2%

Stocks to watch: Shares of firms like Wipro, HDFC Bank, RIL, Railtel, Coal India, Vedanta, IDBI Bank, and others will be in focus on Monday’s trade.

Stocks To Watch: Wipro, HDFC Bank, RIL, Railtel, Coal India, Vedanta, IDBI Bank, And Others - News18

Hasn't fared well - amongst the low performers

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Railtel Corp Of India Ltd is a provider of broadband and VPN services. The Company also provides Telecom & IT infrastructure consultancy services. The Company was founded in September 2000 and is located in New Delhi, India.