Shares of RailTel Corporation of India Ltd fell 1% after hitting a dayβs high of Rs 402.50 on 18th September. This occurred despite the company announcing that it had received a work order worth Rs 105.74 crore. The order involves the procurement, supply, and installation of Smart Classrooms/KBGVs in Bihar.
RailTel said it has received a work order from the State Project Director, Bihar Education Project Council, worth Rs 105.74 crore (including tax). The contract will be completed in five months.
The stock has gained 283% in three years. It hit a 52-week low of Rs 265.30 on 3rd March, 2025, and a record high of Rs 484 on 20th September, 2024.
Technically, RailTelβs Relative Strength Index (RSI) is 68.4, indicating the stock is neither overbought nor oversold.
At 12:32 PM, the shares of RailTel were trading 0.99% lower at Rs 396.95 on NSE.
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