RailTel shares rise after winning order from HPCL

RailTel shares gained attention today after the company announced a new contract. The public sector unit has secured an order worth Rs 25.15 crore from Hindustan Petroleum Corporation (HPCL). In the previous trading session, RailTel shares rose by 4.17%, closing at Rs 309.75. The company now has a market capitalization of approximately Rs 9,941.07 crore. Over the past year, its shares have decreased by 13.50%, but they have increased by 202% over the last two years. The stock reached a 52-week low of Rs 265.30 on March 3, 2025, and it previously peaked at Rs 618 on July 12, 2024. The stock's beta of 1.8 indicates it has experienced significant price fluctuations. RailTel's relative strength index (RSI) currently sits at 51.8. This suggests that the stock is balanced and not considered overbought or oversold. The contract with HPCL is a five-year agreement for renewing existing links and potentially setting up new connections, pending feasibility confirmation. RailTel is a Navratna PSU and one of India’s major telecom infrastructure providers, with a nationwide fiber optic network along railway tracks. The company operates in telecom services and project work services.