RailTel shares in today’s news, net profit up 25% in Q1

RailTel Corporation of India shares are in the news today after the company reported a 25.2% rise in Q1 net profit. RailTel reported a net profit of Rs 48.67 crore for the quarter ending June 2024 as against Rs 38.39 crore for the quarter ending June 2023. RailTel shares ended the day at Rs 495.90 on Thursday as against the previous close of Rs 500.15 on the BSE. The company has a market capitalisation of Rs 15,915 crore.

The company’s revenue from operations rose 19.4% to Rs 558.1 crore as compared to Rs 467.6 crore in the corresponding period of the previous financial year.

At the operating level, EBITDA grew by 14.8% to Rs 103.4 crore in the first quarter of the current financial year as compared to Rs 90.1 crore in the same period last year.

In the previous session, a total of 3.59 lakh shares of the company were exchanged, resulting in a turnover of Rs 17.90 crore.

The multibagger stock has gained 40.52 per cent this year and is up 180.72 per cent in a year. It fell to a 52-week low of Rs 163.20 on August 14, 2023 and touched a 52-week high of Rs 618 on July 12, 2024.

Technically, RailTel’s Relative Strength Index (RSI) is 49.7, which indicates that the stock is neither overbought nor in the oversold zone. The stock has a one-year beta of 1.1, which indicates high volatility during the period. RailTel stock is trading higher than 50-day, 100-day, 150-day, 200-day and lower than 5-day, 10-day, 20-day, 30-day moving averages.