Multi bagger Navratna PSU stock surges over 5%, secures work order of Rs 11.11 crore

The shares of the Navratna CPSE, Railway stock, RailTel Corporation of India has received the work order from Mahatma Phule Krishi Vidyapeeth, Taluka-Rahuri, District-Ahilyanagar for setting up of Virtual Classrooms with all equipment, Setting Up of Digital Classroom with all necessary equipment, Provision of Videowall, Supply and Installation of Aadhar based System amounting to Rs. 11.11 crore.

Meanwhile, on December 11, 2024, the company’s stock price increased by 5.25%, in line with its recent positive performance. The analysts seek the current stock call for the company as 'Sell', based on their analysis of financials and market trends. The stock outperformed the sector by 7.1% and reached an intraday high of Rs 461.3.

The stock is currently trading higher than its moving averages, indicating a positive trend. Despite market volatility, the company has outperformed the Sensex by 5.57% in the past day and 13.43% in the past month. 

Read Also : Gunjan Sinha Takes over as Director (Personnel), ECL

The multi-bagger stock has risen 51% in a year and gained 242% in two years. The stock fell to a 52-week low of Rs 279 on October 26, 2023, and rose to a record high of Rs 618 on July 12, 2024.

The stock has lost 29.46% from its 52-week high. The stock has a one-year beta of 1.7, indicating high volatility during the period. In terms of technicals, the relative strength index (RSI) of RailTel stands at 61.7, signaling the stock is neither overbought nor oversold on charts.

Read Also : JSW Energy arm synchronizes Utkal Thermal Power Plant Unit-2 of 350 MW in Odisha