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RailTel Corporation rises for third day; stock up 85% over issue price

Shares of RailTel Corporation of India surged for the third straight day on Tuesday to hit a fresh 52-week high on the BSE amid strong investor interest on the counter. The shares of the firm which got listed on Friday, have zoomed nearly 85 per cent over its issue price of Rs 94. The scrip jumped 19 per cent over its previous close to hit an intra-day high, also its 52-week high, of Rs 173.50 on the BSE. At 11.40 am, the stock was trading 16 per cent up at Rs 168.60 while the BSE barometer Sensex was up 0.41 per cent at 50,054 around the same time. The trading volume on the counter was high with a combined 34 million shares having changed hands on the NSE and BSE so far.

Nippon india mutual fundGoldman sachs india fundMinistry of railwaysMulti cap fundRailtel corporation of indiaRailtel corporationSachs india fundIndia mutual fundNippon india mutual fund multi capBharat netRailtel share priceMarkets newsBuzzing stocksRailtel stockShare price updateநிப்பான் இந்தியா பரஸ்பர நிதி

RailTel rallies 17% on institutional buying, up 52% over issue price

Shares of RailTel Corporation of India (RailTel) rallied 17 per cent to Rs 142.45 on the National Stock Exchange (NSE) in intra-day trade on Monday after the institutional investors bought a stake in the company via open market on its debut day on Friday. The stock of the state-owned telecom infrastructure provider made a strong debut on the bourses as it got listed at a 28 per cent premium at Rs 120.60. With today’s rally, it has zoomed 52 per cent from its issue price of Rs 94. On Friday, February 26, Goldman Sachs India Fund and Nippon India Mutual Fund collectively bought 10.7 million equity shares of RailTel worth Rs 120 crore through block deals on the NSE, the exchange data shows.

Nippon india mutual fundGoldman sachs india fundRailtel corporation of indiaMulti cap fundNational stock exchangeRailtel corporationSachs india fundIndia mutual fundNippon india mutual fund multi capBharat netRailtel corporation of india share priceMarkets newsநிப்பான் இந்தியா பரஸ்பர நிதிகோல்ட்மேன் சாக்ஸ் இந்தியா நிதிரெய்டல் நிறுவனம் ஆஃப் இந்தியாபல தொப்பி நிதி

RailTel share price: RailTel defies market selloff, lists at 16% premium over issue price

RailTel share price: RailTel defies market selloff, lists at 16% premium over issue price
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Jagan seeks Centre s nod for Polavaram s revised estimates

Jagan seeks Centre’s nod for Polavaram’s revised estimates Updated Feb 21, 2021, 4:06 am IST The Chief Minister, interacting with PM Narendra Modi during the Niti Ayog s Governing Council meeting, sought Centre’s cooperation He said that the aim of policy formulation with respect to agriculture and allied sectors should be to reduce risks and difficulties faced by farmers. (Photo: DC) VIJAYAWADA: Chief Minister Y.S. Jagan Mohan Reddy has sought quick approval of revised cost estimates of Polavaram national project, and facilitating power utilities to swap high-cost debt with low-cost long term debt and to provide access to low-cost finance to the state government for developing social infrastructure.

Andhra pradeshJagan mohan reddyRythu bharosa kendraluNarendra modiNiti ayog governing councilMohan reddyChief ministerPrime minister narendra modiNiti ayogGoverning councilBharosa kendraluBharat netNiti ayog council meetingAndhra pradesh cmPolavarams revised estimatesCenters nod for polavaram