RailTel shares jump 9.6% after securing Rs 25.15 crore contract from HPCL

India railway corporation Following the company’s announcement of winning a work order of Rs 25.15 crore, on March 24, the shares of Rs 339.50 on BSE increased by 9.6% at high level shares. Hindustan Petroleum Corporation Limited (HPCL).
At 2:44 pm, RailTel’s stake was trading at Rs 328, which was with an increase of 6.10% at 318 from today’s early price.
In a regulatory filing, RailTel Corporation said, “SEBI (listing obligations and disclosure requirements) Regulations, Regulations 30 with Schedule III of 2015, read 30, we inform that RailTel Corporation of India Limited has received a work order from Hindustan Petroleum Corporation Limited, which has been paid a work order from Hindustan Petroleum Corporation Limited, which is charged out of Rs 25,15,15,24,24,24,500 Are.”
According to the ET report, the contract involves providing multi-propocol label switching/internet lease line (MPLS/ILL) services. It is a rate contract to renew the existing MPLS/ILL link and add new connections to the basis of feasibility. The project timeline extends from 1 April 2025 to March 31, 2030.
Despite jumping recently, Rail -share Facked in the last one year, there has been a decline of 6.47%. Year by year, YTD (YTD), stock is 16.80%less. In the last six months, it has fallen by 27.39%, and in the last three months, stock has declined by 15.26%. However, in the last month, the stocks have increased by 9.22%.
Technical performance of railTel
The stock is currently trading above its short and medium -term exponential moving averages (DEma) for 10, 20 and 50 days. However, it remains below its long -term moving average (100 and 200 Dema). According to trendly data, the relative power index (RSI) is approximately 52, which indicates neutral speed.