ICICI Securities has buy call on Railtel Corporation of India Ltd. with a target price of Rs 160. The current market price of Railtel Corporation of India Ltd. is Rs 136.65. Time period given by analyst is one year when Railtel Corporation of India Ltd. price can reach defined target. .
Railtel Corporation of India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 4384.02 Crore) operating in General sector.
Financials
For the quarter ended 31-12-2020, the company reported a Consolidated Total Income of Rs 417.79 Crore, up 42.86 % from last quarter Total Income of Rs 292.45 Crore and up 50.24 % from last year same quarter Total Income of Rs 278.08 Crore. Company reported net profit after tax of Rs 69.66 Crore in latest quarter.
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.