Railtel Share Price Jumps Over 4.5% on Winning ₹ 274 Crore Order from MVD

Railtel Corporation Share Price in Focus: Railtel Corporation’s Share Price Gained Momentum during the Mid-trading Session on Thursday, June 5, Rising 4.6% to Hit a five a five a five-month high of of 461.75 Apiece after the company announced an order from the motor vehicles department (MVD), Maharashtra.

The company informed investors in a regulatory filing today that it has received a letter of Intent (Loi) From the Motor Vehicles Department, Maharashtra, For the Design, Implementation, Operation, Operation, Operation, Operation, Operation, Operation, Operation, Operation, Operation, Intelligent Traffic Management System (ITMS) at Various BlackSpots and Vulnerable Spots in the Vidarbha Circle for a period of 10 years, Worth 274.40 Crore.

This was the company’s second order win in a week, as on may 31, it received a work order from mahanadi coalfields limited for provisioning for provisioning an internet leine for differen CCTV, Worth 10.59 Crore, and it also also secure 25 Crore Worth of Orders from the Andhra Pradesh Police.

Amid a series of Order Wins and Strong March Quarter Results, The Stock has mained steady upwards Momentum on Dalal Street, Regaining the Momentum It Lost DURINT CORRECTION.

Railway stocks had previously experienced a sustained bull run from May 2023 to July 2024, which drave their valuations to unsectionable levels.

This, Combined with a Slowdown in Order Inflows, LED Investors to Retreat from the segment, Resulting in Sharp Corrections from Record Highs. However, the recent pickup in order flow has renewed investor interest, Attracting them back into the railway segment along