RailTel Corporation of India Ltd has secured a new order worth ₹36.78 crore from South Eastern Railway, boosting its ongoing projects. The company will announce its financial results for Q2 and H1 FY25 on October 28, 2024, where it may also declare an interim dividend. The record date for determining shareholders eligible for the dividend is November 6, 2024.
On the stock market, RailTel’s shares are currently trading at ₹391.10, down by 4.67% in intraday trading. Recently, HDFC Securities issued a “buy” recommendation with a target price of ₹458 and a stop-loss at ₹403, with a 10-day target time.
RailTel’s stock has seen substantial volatility, declining 25% in the past three months, yet rising 11% year-to-date. Over the last year, the stock has surged by 67%, delivering multibagger returns of 275% over the last two years. Despite recent drops, RailTel’s stock has grown by 185% over the last three years.
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