RailTel shares gain 8% on securing new order worth Rs 52.66 crore

Railtel Corporation shares rallied 7.8 per cent to Rs 507.7 per share on BSE on Friday, August 23. The buying interest in the stock sparked after the telecom-related public sector entity secured a work order from the Uttar Pradesh Police Recruitment and Promotion Board for Service. The order is worth Rs 52,66,30,075.

At around 10:11 AM, shares of RailTel Corporation were up 5.75 per cent or Rs 27.05 at Rs 497.85 per share. In the past year, RailTel shares have gained over 180 per cent against Sensex’s rise of 23.8 per cent.