Company preparing to make railway armour! As soon as this news came, investors collapsed on the stock

In stock market: Share price of Railtel has seen an increase of over 18 percent today. The price of this railway stock in BSE on Friday was Rs. 247 touched an intra-day high. The main reason for this jump in the share price of the company is the quarterly results and the discussion during the AGM. Company CMD Sanjay Kumar while addressing the AGM through video conferencing on Thursday said that we are exploring the possibilities of railway armor systems.

The company’s share price is less than Rs 200, it has got Rs 8300 crore worth of work

Strong Quarterly Results (Railtel Q1 Results 2023)

April to June quarter has been very good for the company. During this period the total revenue of the company has been 2002 crore rupees. Which is 27 percent more than the same month last year. Total revenue in the first quarter a year ago was Rs 1548 crore. The company’s quarterly results have attracted investors.

Investors were delighted with the announcement that the company was offering 4 bonus shares for 1 share

How is the overall performance in the stock market?

During the last one month, the share price of this railway stock has seen an increase of over 41 percent. At the same time, investors who bought and held RailTel stock six months ago are up 114 percent year-to-date. That means investors who bought this stock 6 months ago and held till now, their money would have doubled.