Last Updated: March 15, 2024, 14:52 IST
Shares of RailTel Corporation of India Ltd prolonged their upward transfer for the second straight session
RailTel Share Price: The order is for organising IP-MPLS community connectivity in Odisha beneath OdishaWeb Phase 1.0. The challenge must be executed by September 2025
RailTel Share Price: Shares of RailTel Corporation of India jumped 9% to Rs 369 in Friday’s commerce on BSE after the agency acquired a Rs 113.46 crore work order from Odisha Computer Application Centre (OCAC). At this value, it has climbed 19.65 per cent in two buying and selling days.
Before this, the counter was in a correction mode on account of heavy promoting stress in the small-cap section amid traders’ concern over extreme valuations in the broader market. RailTel’s inventory has slipped practically 18 per cent throughout this week.
The order is for organising IP-MPLS community connectivity in Odisha beneath OdishaWeb Phase 1.0. The challenge must be executed by September 2025, based on the corporate’s regulatory submitting.
RailTel Corporation additionally lately secured a number of orders on March 4. It acquired a piece order from the State Transport Authority, Odisha, value Rs 87.85 crore for the improve of the present command management centre to a unified command management centre and the implementation of an clever enforcement administration system (IEMS) for the State Transport Authority, Odisha.
On February 2, the corporate was awarded a piece order from Prasar Bharati Broadcasting Corporation of India valued at Rs 139 crore for design, growth, implementation, operations, and upkeep.
Technical analysts largely urged that the inventory look ‘bearish’ on day by day charts. Support might be seen at Rs 336, adopted by Rs 325, Rs 300 and Rs 280 ranges. On the upper facet, fast resistance could also be discovered close to the Rs 365-370 zone.
(*2*) stated Osho Krishan, Senior Research Analyst – Technical & Derivatives at Angel One.
RailTel Corp, a Mini Ratna (Category-1) PSU, is an info and communications know-how (ICT) supplier and one of many largest impartial telecom infrastructure suppliers in the nation with a pan-India optic fiber community. As of December 2023, the federal government holds a 72.84 per cent stake in the corporate.
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