June 21, 2024 / 02:26 PM IST
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Sensex Today | RailTel Corporation jumps 12%, nears 52-week high on securing work order
Shares of RailTel Corporation of India rallied over 12 percent to Rs 488 per share on June 21, nearing its 52-week high of Rs 491 apiece. The uptick comes after it bagged work order from South Central Railway worth Rs 20.22 crore.
So far this year, shares of RailTel raced over 44 percent, beating benchmark Nifty 50 index that rose by 8 percent during the same period.
In an exchange filing, the company stated that the work order is for telecommunications work for provision of IP-MPLS in 523RKM of secunderabad division of South Central Railway. The project will be executed by 18, June 2025.
