Railtel Corporation of India Ltd. witnessed a sharp surge of 8.12% in its share price on Friday after the company announced that it had secured a Rs 16.8 crore order from the Ministry of Defence. The stock hit an intraday high of Rs 321.65 on the NSE, marking a significant rally that has extended its winning streak to four consecutive sessions. Over this period, Railtel shares have gained a total of 12%, reflecting strong investor confidence.

Details of the Order from the Ministry of Defence

According to Railtel’s latest exchange filing, the company has received a work order for OFC (Optical Fiber Cable) laying work from the Ministry of Defence. The order is valued at Rs 16,89,38,002, including tax, and is expected to bolster Railtel’s revenue stream while reinforcing its position in the telecom infrastructure sector.

Stock Performance and Market Sentiment

Railtel’s share price has been experiencing a steady upward trend, gaining 12% in the last four sessions. The latest order win has provided fresh momentum to the stock, attracting both retail and institutional investors. Analysts believe that this contract will strengthen Railtel’s financial position and further its government project portfolio.

Railtel’s Expanding Business Portfolio

Railtel, a Ministry of Railways PSU, has been actively involved in providing telecom and IT solutions for government and private entities. The latest project from the Defence Ministry aligns with its ongoing efforts to expand its infrastructure capabilities and contribute to India’s digital transformation. With multiple government projects in its pipeline, the company remains a strong contender in the telecom infrastructure sector.

Investor Outlook: Should You Buy Railtel Shares?

Market experts suggest that Railtel’s consistent order inflow from government sectors indicates robust future growth. The company has been expanding its reach beyond the railway network, securing contracts for broadband, data services, and digital initiatives. Investors with a long-term perspective might find Railtel stock attractive, given its steady growth, strong order book, and government-backed projects.

Final Thoughts

With an 8% surge in share price, a Rs 16.8 crore work order, and a 12% gain over four sessions, Railtel remains a stock to watch in the Indian market. The company’s strategic expansion, solid government ties, and increasing project wins make it a strong contender in the telecom and IT infrastructure segment.

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