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RailTel share price: Stocks in the news: RailTel, Mahindra Lifespace, Hatsun Agro, DHFL and HCL Tech


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Nifty futures on the Singapore Exchange traded 281 points, or 1.85 per cent, lower at 14,899 in signs that Dalal Street was headed for a gap-down start on Friday. Here are a few stocks which may buzz the most in today s trade:
RailTel Corporation of India: RailTel will make its market debut on Friday. The initial public offer (IPO), which was sold from February 16 to February 18, saw qualified institutional buyers (QIBs) subscribing 65.14 times the quota limit. Non-institutional investors bade 73.25 times while retail individual investors (RIIs) bade 16.78 times the quota limit.
Mahindra Lifespace Developers: The realty firm said it has acquired 7.89 acres of land to develop a residential project in Bengaluru. The project will offer about 5 lakh sq ft of carpet area. The launch of the project is planned for FY 2022, the company said in a regulatory filing. ....

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RailTel IPO: RailTel Corp to get listed on Friday. Can it do a Nureca in debut trade?


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NEW DELHI: Railtel Corporation is all set to make market debut on Friday, and after Nureca got listed at a 59 per cent premium today, hopes are high that the state-run firm, too, will see a strong debut.
Grey market trends suggest the stock indeed may see decent listing gains, but that may not be enough for it to replicate Nureca s performance in debut trade.
Marketmen tracking grey market trends said Nureca s strong listing might not have any major impact on RailTel s debut, but the recent improvement in the secondary market sentiment would.
They said Nureca s was a small Rs 100 crore initial public offer (IPO) and had, thus, witnessed huge demand. In comparison, RailTel was a large Rs 819 crore issue. The railway firm has reported single-digit sales and profit growth for the past couple of years, while Nureca logged solid growth for the same period. ....

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Should you subscribe to the IPO of RailTel? - The Hindu BusinessLine


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. ....

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