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RAILTEL
Secures ₹63.55 Crore in New Orders, Stock Remains Flat
RailTel Corporation of India has announced securing new work orders totaling ₹63.55 crore, yet its share price remained largely unchanged in early trading on March 3rd.
The company received two significant orders:
Madhya Pradesh State Electronics Development Corporation: A work order valued at ₹37.18 crore.
Cuttack Development Authority: A work order worth ₹26.37 crore, involving the installation and maintenance of billboard systems across Cuttack City, to be completed by July 2025.
Despite these new contracts, RailTel's stock saw minimal movement, trading flat. At 09:26 am, the stock was down slightly by 0.11% on the BSE. This comes after the stock recently reached a 52 week low.#WatchOutFor#StockInNews#Miscellaneous
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