RailTel shares jump 4% after fresh Rs 50 crore contract wins
ADVERTISEMENT RailTel said it secured a contract of Rs 34.99 crore from the Kerala State Information Technology Mission to provide data centre operation services and maintenance of the State Data Centres for five years.
Separately, it received a Rs 15.42 crore contract from the Higher Education Department of Odisha for the design and development of CMS-based bilingual websites for colleges under the department.
RailTel, among India's largest neutral telecom infrastructure providers, operates a fiber optic network of more than 62,000 kilometres along railway tracks and an additional 21,000-kilometre citywide network.For the June quarter, RailTel posted a 36% rise in net profit to Rs 66 crore, compared to Rs 49 crore a year earlier. Revenue from operations surged 33% to Rs 744 crore during the quarter, against Rs 558 crore in the same period last year.
ADVERTISEMENT The company's EBITDA stood at Rs 116 crore, up 11.5% during the June quarter from Rs 104 crore a year ago. However, operating margin slipped to 15.6% from 18.6%. Unlock 500+ Stock Recos on App
RailTel shares have dropped 10% so far in 2025, underperforming the Nifty 50 index, which has gained 5% in the same period.
ADVERTISEMENT From a technical perspective, the stock is trading below five of its eight key simple moving averages (SMA), the 20-day, 30-day, 50-day, 100-day and 200-day levels, while staying above its 5-day, 10-day and 150-day SMAs.The Relative Strength Index (RSI) stands at 40.9, suggesting the stock is neither overbought nor oversold. The Moving Average Convergence Divergence (MACD) is at -13 and remains below its center line, pointing to continued bearish momentum.
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Also read | Ola Electric shares rally 25% in 2 days. Analysts say Rs 57 within reach; should you buy?
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