This Small-cap Railway stock zoomed today by more than 3.50 %; do you own it?
Company shares jumped on executing automation project for providing Aadhar based biometric service.
The previous day’s close of the shares was at Rs 121.85 On Wednesday, the shares opened at Rs 123.70 and made the day high at Rs 127.20.
In the recently concluded Haryana Common Eligibility Test (CET)-2022, the company successfully completed the automation project for offering Aadhar-based biometrics services to check impersonation fraud. The National Testing Agency administered the Haryana Staff Selection Commission test (NTA).
This is the first time NTA has given RailTel the authority to verify biometrics in addition to Aadhaar authentication for more than seven lakh applicants. This project's goal was to make the hiring process completely trustworthy by getting rid of imitation frauds and spotting imposters early on.
RailTel was founded in 2000 with the intention of building a national broadband, VPN, telecom and multimedia network to update Indian Railways' train control operation and safety system. It is a "Miniratna" PSE of the Indian government. At the moment, all of the major commercial cities are covered by RailTel's network, which travels via about 6,000 stations across the nation.
The transport network is built on high-capacity dense wavelength division multiplexing (DWDM) technology and an Internet protocol/ multi-protocol label switching (MPLS) network over it to support mission critical communication requirements of Indian Railways and other customers.
The 52-week high of the stock is Rs 148.70 whereas the 52-week low was at Rs 84.00.
Shares closed on Wednesday at Rs 126.10 a piece.
Market capitalization of the company stands at Rs 4,047.03
Promoters of the company are holding 72.84 % stake of the company whereas the Institutional and Non-Institutional holdings are 5.15 % and 21.99 % stake respectively.
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