RailTel Corporation of India Ltd., a Mini Ratna (Category-I) PSU, witnessed a sharp 5% surge in its stock price today, supported by a significant rise in trading volume.

The rally follows the announcement of a ₹25.15 crore contract from Hindustan Petroleum Corporation Ltd. (HPCL) for providing MPLS/ILL services over five years. This comes after a ₹111 crore contract win from South Central Railway last month, further reinforcing investor confidence in RailTel’s ability to secure large-scale government projects.

With a robust Pan-India optic fiber network spanning key cities, towns, and rural areas—covering 70% of India’s population—RailTel continues to play a pivotal role in strengthening India’s digital infrastructure. The company also has a presence across 6,000 railway stations, making it a leader in broadband, VPN, and multimedia services.

From a technical perspective, RailTel has broken out of a double-bottom pattern, signaling a shift from a bearish to a bullish trend. Additionally, the 9-day and 21-day moving averages are nearing a golden crossover, a strong bullish indicator. It will be interesting to see if the stock can sustain this momentum in the coming sessions.

Let’s take a look at its Factor Analysis

Factor Analysis of RailTel Corporation of India

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