New Delhi: On October 6, RailTel’s shares saw a 3 percent surge in response to the acquisition of a contract valued at nearly Rs 68 crore. The order will deliver services like design, supply, installation, testing, commissioning, as well as operations and maintenance of a data centre and disaster recovery centre for the Integrated Command and Control Centre (ICCC) for Jammu Smart City Limited.
At 12:00 pm on the same day, RailTel’s shares were trading at Rs 218, representing a 1.7 percent increase on the NSE.
Earlier this year, in August, the company secured a work order worth Rs 700 crore from Pimpri Chinchwad Smart City Limited (PCSCL). Additionally, in the same month, RailTel Corporation received an order from the Centre for Railway Information Systems (CRIS) to procure cloud infrastructure for the Next Generation Passenger Reservation System (PRS) of Indian Railways, with a total value of Rs 78.58 crore.
Over the past year, RailTel’s shares have significantly outperformed the Nifty 50 index, with a remarkable 94 percent surge compared to the Nifty’s 13 percent rise during the same period. Year-to-date, RailTel’s share price has witnessed an increase of approximately 70 percent.
Analysing the technical aspects, the relative strength index (RSI) for RailTel’s stock currently stands at 52.4, indicating that it is trading within a balanced range, neither in the overbought nor oversold territory. With a one-year Beta of 1, the stock showcases average volatility.
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