RailTel stock has fallen 12.70 per cent in a year and lost 13% in six months.
The Navratna PSU's shares ended at Rs 374.95 on Thursday. Market cap of the firm stood at Rs 12,033 crore.
RailTel shares jumped 8.11 per cent to trade at Rs 385.45 compared to a previous close of Rs 356.55, while the heavyweight financing railway arm IRFC rose 8.65 per cent to Rs 131.95.
The Navratna PSU's shares ended 1.24% lower at Rs 331.70 on Tuesday. Market cap of the firm stood at Rs 10,645 crore.
Just days prior, on December 12, RailTel clinched a Rs 35.44 crore deal from the Municipal Corporation of Greater Mumbai.
The contract entails the selection of a System Integrator (SI) for the design, development, and implementation of a Regional Information System for the Mumbai Metropolitan Region.
RailTel Corporation of India Ltd, a Navratna PSU under the Ministry of Railways, has secured fresh work orders from the state governments of Gujarat and Uttar Pradesh, extending its order inflow into November.
IRCTC, Titagarh Rail, Ircon, RVNL, Texmaco Rail: Earnings of railway firms have been subdued this year with investor sentiment taking a hit due to disappointment in the Union Budget 2025 and weak sentiment in the broader market.
On Monday, the RailTel stock was trading at Rs 370.20 apiece on BSE. ICICI Securities target suggests 21.66 per cent potential downside ahead for BEML.
The multibagger stock has lost 18 per cent in a year and gained 270 per cent in two years.
RailTel shares gained 1% to Rs 400.65 on Wednesday against the previous close of Rs 396.70 on BSE. Market cap of the firm rose to Rs 12,858 crore.
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