Railtel Corporation of India surges on reporting 23% rise in Q2 net profit
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Railtel Corporation of India is currently trading at Rs. 223.40, up by 5.65 points or 2.59% from its previous closing of Rs. 217.75 on the BSE.
The scrip opened at Rs. 224.90 and has touched a high and low of Rs. 229.20 and Rs. 220.20 respectively. So far 350728 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 255.00 on 11-Sep-2023 and a 52 week low of Rs. 96.20 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 236.40 and Rs. 202.45 respectively. The current market cap of the company is Rs. 7241.98 crore.
The promoters holding in the company stood at 72.84%, while Institutions and Non-Institutions held 5.01% and 22.15% respectively.
Railtel Corporation of India has reported 23.37% rise in its net profit at Rs 68.15 crore for second quarter ended September 30, 2023 as compared to Rs 55.24 crore for the same quarter in the previous year. Total income of the company increased by 39.25% at Rs 612.82 crore for Q2FY24 as compared Rs 440.09 crore for the corresponding quarter previous year.
RailTel Corporation of India a ‘Mini Ratna (Category-I)’ PSU is one of the largest neutral telecom infrastructure providers in the country owning a Pan-India optic fiber network on exclusive Right of Way (ROW) along Railway track. The company provides broadband telecom and multimedia network across the country.
