Read more about Net payroll addition cruises after falling for two months, shows data on Business Standard. Net payroll addition rose to 12.5 trillion in December from 8.7 trillion in the previous month
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Beneficiaries of the ESI health insurance scheme can get medical care at nearby private hospitals empanelled with the Employees State Insurance Corporation in case of non-availability of ESIC hospitals within 10 kms of their residence.
Should you subscribe to the IPO of RailTel?
Hari Viswanath
BL Research Bureau |
Updated on
February 18, 2021
While the business has its pluses, pricey valuation is a dampener Long-term investors can avoid the IPO of RailTel Corporation of India Ltd, a Miniratna Central public sector undertaking. The offer is a secondary sale of 8.7 crore shares by the Centre, representing about 27 per cent of the paid-up capital of the company.
At ₹93-94, it is priced at approximately 23 times its annualised FY21 EPS (based on earnings per share for the first half of FY21 after adjusting for a one-time exceptional expense). This is not cheap given the PSU’s modest earnings growth in recent years and its relative premium valuation vs the PSU universe.