RailTel share price rises 4%: gains 10% in two days; Do you own this railway stock?
The gains for RailTel share price are Being helped by good Q4 performance and recent announcement on order win
On Friday 2 March 2025 but post market hours RailTel Corporation of India announced having won a large order
RailTel Corporation of India Ltd on Friday post market hours had announced about a project order win from North Central Railway. RailTel in its intimation to the exchanges had said that RailTel Corporation of India Ltd. has received the work order from North Central Railway for a Project. The work order for project is amounting to Rs. 22,75,08,801 (Including Tax) for RailTel Corporations. The same has been adding to the investor confidence, leading to the gains for RailTel share prices.
The Time period or date by which order(s)/contract(s) is to be executed specified by RalTel in its release stands at 30-APR-26. It is a domestic order
RailTel a few days back also had announced another order win. The Railway Stock Railtel Corporation had said that it has received the work order from The Institute Of Road Transport. The RailTel Corporation of India Ltd. specified that the work order amounts to Rs. 90,08,49,783 (Including Tax)
The RailTel Corporation of India Ltd. work order received from North Central Railway was for Design, Development, Supply, Implementation, Operations and Maintenance of the Enterprise Resource planning system(ERP) for MTC Ltd. Chennai, TNSTC-Coimbatore and TNSTC Madurai.
On Thursday, May 1, RailTel Corporation of India had announced its January-March quarter results for fiscal 2024-25 (Q4FY25), showing a 46.3 percent increase in net profit to ₹ 113.4 crore, up from ₹ ₹ 77.53 crore during the same time the previous year. Operating revenue for the Navratna Public Sector Undertaking (PSU) increased 57% to ₹ 1,308.28 crore in the fourth quarter of FY25 from ₹ 832.7 crore in the same period last year.
Railway Stock RailTel share price on Monday 5 May 2025 gained to intrady highs of ₹ 318. This meant that Railway Stock RailTel share price has gained almost 4% over the previous day closing price of ₹ 315.80. This also meant gains of more than 10% over closing price of ₹ 296.25 on Wednesday, with Thursday being the market holiday.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before taking any investment decisions
First Published: 5 May 2025, 12:40 PM IST
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
India.com
3 minutes ago
- India.com
ED issues lookout circular against Anil Ambani in connection with Rs. 17,000 crore bank loan fraud case
New Delhi: The Enforcement Directorate (ED) issued a lookout circular against Anil Ambani on Friday, August 1, to prevent him from leaving India. The update came hours after it summoned the Reliance Group Chairman for questioning on August 5 in connection with an alleged Rs. 17,000 crore bank loan fraud case. How did the market react to the news? Shares of Anil Ambani's companies, Reliance Power and Reliance Infrastructure, dropped by up to 5 per cent in early trading on Friday, soon after news reports said that the Enforcement Directorate (ED) had called Anil Ambani for questioning on August 5. Reliance Power's stock fell by 4.82 per cent to Rs. 50.30, and Reliance Infrastructure's stock dropped by 5 per cent to Rs. 311.60 on the Bombay Stock Exchange (BSE). What course of action is ED likely to follow? Anil Ambani has been asked by the ED to report to its office in New Delhi for questioning linked to an investigation into a suspected loan fraud and money laundering case involving his group companies. The ED plans to take his statement under the law that deals with money laundering (PMLA). Last week, the ED raided 50 business entities and 25 individuals connected to the Reliance Group under the Prevention of Money Laundering Act (PMLA) while at least 35 locations in Mumbai were searched on July 24.
Time of India
18 minutes ago
- Time of India
ED calls Anil Ambani for quizzing on August 5 in 'fraud' case, issues lookout notice
. New Delhi: Enforcement Directorate on Friday put travel curbs on Reliance ADAG chief Anil Ambani by issuing a lookout circular after summoning him for questioning at the agency HQ here on Aug 5 in connection with an alleged money laundering racket involving group entities. The summons were based on findings of probes being conducted by multiple agencies. On Friday, ED searched three premises in Bhubaneswar and one in Kolkata after finding alleged evidence of Rs 68-crore fake bank guarantee provided to Solar Energy Corporation of India Limited on behalf of Reliance NU BESS Ltd/Maharashtra Energy Generation Ltd. The guarantee was generated by a shell entity registered in Bhubaneswar, allegedly linked to ADAG. Reacting to the allegations, ADAG said: "The company and its subsidiaries acted bonafidely and have been a victim of fraud, forgery and cheating conspiracy." Due disclosure made to stock exchanges: Reliance ADAG In its defence, Reliance ADAG said, 'The company has made a due disclosure on this to the stock exchanges on Nov 7, 2024. A criminal complaint has already been lodged with the Economic Offence Wing of Delhi Police against the third party on Oct 16, 2024. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Villas For Sale in Dubai Might Surprise You Dubai villas | search ads Get Deals Undo The due process of law will follow'. 'Multiple undisclosed bank accounts have been detected having suspicious transactions of several crores of rupees ,' ED sources said. 'Key individuals of the group have been found using Telegram app with 'disappearing messages' enabled, indicating attempts to conceal communication.' ED has registered a separate money laundering investigation based on an FIR registered by economic offences wing of Delhi Police in Nov 2024. Searches took place in Bhubaneswar at three premises of Biswal Tradelink and its directors and one premise of an associated operator. The Bhubaneswar entity, now being allegedly linked to Anil Ambani's group, is a mere paper entity, which was registered at a residential property belonging to an associate, and had suspicious financial transactions with multiple companies. Sources said evidence of generating fake bank guarantees was seized during July 24 searches on ADAG companies. Officials alleged the bank guarantee of Rs 68.2 crore submitted to Solar Energy Corporation of India has been established as fake. 'In an attempt to prove that this fake bank guarantee is genuine, the group used a spoofed email domain. Instead of the domain was deployed to send forged communication to SECI, impersonating SBI,' a source added. ED has sought domain registration details of from National Internet Exchange of India.
Time of India
21 minutes ago
- Time of India
Jane Street under I-T scanner in India; probe hits roadblock over non-cooperation
The Income Tax Department 's ongoing verification proceedings against US proprietary trading firm Jane Street have hit a hurdle, with the company allegedly refusing to cooperate with investigators, officials familiar with the matter said. The tax department had sought access to data and servers used by Jane Street, but the firm refused to cooperate claiming that the servers were located outside India, these officials told ET. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Technology Cybersecurity Degree Project Management Leadership Management Data Science Design Thinking others Digital Marketing MCA Operations Management Product Management Data Analytics CXO healthcare Others Data Science Artificial Intelligence PGDM Finance Public Policy MBA Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details "Their servers are located offshore, and access is being denied. The books of accounts are also maintained outside India, despite legal requirements under Indian company law to maintain them domestically," said a senior tax official, requesting anonymity. "The company has only skeleton staff in India, and they too have not been cooperating," the official added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Georgetown: Unsold Furniture Liquidation 2024 (Prices May Surprise You) Unsold Furniture | Search Ads Learn More Undo Jane Street did not respond to an email seeking comment till press time Friday. Given the lack of cooperation, the department on Thursday carried out a survey action at the Mumbai offices of Nuvama Wealth Management , which is Jane Street's on-ground trading partner in India. "Certain documents and electronic evidence have been seized and are being examined," a senior official said. Live Events In a filing with stock exchanges, Nuvama confirmed the department's survey and said it is "extending full co-operation with the authorities". The income tax department is also examining possible violations of the General Anti-Avoidance Rules (GAAR) and permanent establishment regulations by the company. Under GAAR, the tax department can disregard any arrangement lacking "commercial substance" or structured primarily to avoid tax. It is also probing whether the firm has created a fixed place of business in India, which gives rise to tax liabilities. This development comes in the wake of the regulatory scrutiny of the company's operations in India. The Securities and Exchange Board of India on July 3 barred Jane Street from accessing capital markets, alleging that it made illegal gains of Rs 4,843.5 crore by manipulating trades in Bank Nifty and Nifty Index Options. The regulator also directed it to deposit the gains into an interest-bearing escrow account. Sebi lifted the trading ban on July 21 after Jane Street deposited Rs 4,840 crore in an escrow account while clarifying that this action would not affect or limit its legal rights or remedies. The regulator allowed the firm to resume trading, but under close monitoring. According to Sebi, its investigation found that while Jane Street's Indian entity executed intraday trades in the cash segment, its offshore arms-particularly in Singapore and Hong Kong-booked large profits through index options. Jane Street has denied allegations of market manipulation.
