PSU Stock: Multibagger railway PSU stock Railtel Corporation in focus, Keep an eye

PSU Stock: In the last trading session on Friday, the market has reported a decline due to selling pressure. Nifty index slipped 207 points and closed at 24039 level. Currently, due to earning season, corporate action, receipt of orders in the market, the stocks of many companies are in discussion.

Order received by RailTel Corporation

In fact, RailTel Corporation of India Limited Company informed the stock exchange on last Saturday that their company has received a contract order of Rs 90 crore. While this contract order has been given by the Institute of Road Transport. After this big and positive news, investors' interest in RailTel Corporation Company's shares can be seen increasing in the upcoming Monday's session.

Order details

Under this contract order of Rs 90 crore received by RailTel Corporation, RailTel Corporation Company has been given the responsibility to design, develop, supply, implement, operate and maintain ERP systems for MTC Limited Chennai, TNSTC Coimbatore and TNSTC Madurai.

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RailTel Corporation of India Limited's stock closed at Rs 302 level with a decline of four percent in last Friday's session. The total market capitalization of the company is Rs 9692 crore.

RailTel Corporation Share Performance

Even though RailTel Corporation Company is continuously getting orders, the performance of the stock in the last 1 year has been disappointing. According to the data, the stock has given a negative return of 23 percent in the last 1 year, negative return of 23.66 percent in the last 6 months, negative return of 21 percent in the last 1 month and negative return of 6 percent in the last 1 month.

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