Synopsis
Railtel Corporation of India Ltd. key Products/Revenue Segments include Telecom Products & Services, Projects and Other Operating Revenue for the year ending 31-Mar-2021.
Prabhudas Lilladher has buy call on
with a target price of Rs 125. The current market price of Railtel Corporation of India is Rs 101.2.
Railtel Corporation of India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 3244.69 Crore) operating in Telecommunications sector.
Railtel Corporation of India Ltd. key Products/Revenue Segments include Telecom Products & Services, Projects and Other Operating Revenue for the year ending 31-Mar-2021.
Financials
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 385.09 Crore, down -21.03 % from last quarter Total Income of Rs 487.64 Crore and up 22.15 % from last year same quarter Total Income of Rs 315.27 Crore. Company reported net profit after tax of Rs 25.85 Crore in latest quarter.
Investment Rationale
The stock after making a higher bottom formation in the daily chart has picked up well and with the RSI on the rise and decent volume participation, we anticipate further move upwards to around 125 levels. We recommend a buy in this stock keeping a stop loss of 90 for an upside target of 125.
Promoter/FII Holdings
Promoters held 72.84 per cent stake in the company as of 30-Jun-2022, while FIIs owned 1.95 per cent, DIIs 2.44 per cent.
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