RailTel Shares: RailTel Share Price NSE BSE India
RailTel Corporation of India Ltd. (RAILTEL) is currently selling its shares for ₹471.001 each. Some other important details about the company are:
Market Cap: ₹130,862.6 crore
Highest share price in the last 52 weeks: ₹483.6
Lowest share price in the last 52 weeks: ₹96.25
PE Ratio (Price-to-Earnings Ratio): 55.66
Dividend Yield: 0.47%
RailTel Corporation of India Ltd. has been doing well financially, with steady performance and good management. But it’s important to keep an eye on market trends and company news before deciding to invest.
Highlights
In the past year, railway companies have done really well in the stock market. RailTel Corporation of India Ltd is one of these successful companies. Recently, its share prices went up by 7.48 percent on Friday, reaching Rs 408.80 per share. Although it reached its highest point of ₹459.30 on January 25, 2024, it has since dropped by 11 percent. Despite this, compared to its lowest point of ₹96.20 per share in the past year, it’s still up by a huge 324.69 percent.
Expert’s Opinion about RailTel Shares
Experts think positively about RailTel’s stock, with technical analysts seeing it as bullish. They predict a target price of Rs 468, with a support price zone set between ₹400 to ₹370 per share. It’s worth noting that the government owns 72.84 percent of the company.
RailTel Shares Financial Performance of last 6 months
RailTel has given around 146.84 percent returns Over the last 6 months to its investors who held onto their shares. This means their investments more than doubled during this period. The company’s market capitalization is ₹130,862.6 crore.
PM’s launch of projects worth ₹41000 crore
Prime Minister Narendra Modi said that in the next five years, Indian Railways will see big improvements, attracting a lot of investment. He spoke about this in New Delhi before the 2024 Lok Sabha elections.
He mentioned that India is now seen as a great place for investment because of its modern infrastructure. With the modernization of thousands of railway stations in the next five years, Indian Railways will become more capable, leading to more investment opportunities.
The PM inaugurated and laid the foundation stone for 2,000 rail projects worth Rs 41,000 crore. These projects include upgrading stations and building infrastructure like bridges.
Currently, out of 7,000 stations, 1,321 have been chosen for redevelopment, and many are already in progress. The Railway Minister credited this progress to the PM Gati Shakti framework, which brings various operations together.
When asked about improving railway facilities, the Minister mentioned that a lot of work will be done in the next phase of Modi’s government. He discussed ongoing works under the Amrit Bharat Station Scheme and highlighted efforts to build world-class stations. The Railway Minister also explained in detail about all the projects happening rapidly in the railway sector in the business summit.
He told about the total investment in Railways as well as all the ongoing projects. The total investment in railways is 30 billion USD which has been given by the government he also summarized about Bullet Train Projects, Constructing New Railway Tracks, Undersea Tunnel, Underwater First Metro Tunnel and Chenab Bridge and many other ongoing and upcoming projects.
The government had approved the redevelopment of three major stations in Ahmedabad, Mumbai, and Delhi, but the tender for Delhi’s station had to be cancelled twice due to disagreements over pricing. The ministry might have to divide the project to move forward.
PM Modi emphasized that Indian Railways is crucial for both passengers and the country’s economic growth. He also mentioned that corruption-free governance has enabled such significant modernization efforts, which were unimaginable a decade ago.
Disclaimer: The information provided is for informational purposes only and does not represent financial advice or guidance. Investing in the stock market involves essential risks, and individuals should conduct thorough research or seek professional guidance before making any investment decisions. The content reflects the market situation at the time of writing and is subject to change. The author and platform do not guarantee the accuracy or completeness of the information and shall not be responsible for any losses or damages occurs from actions taken based on the provided information.
