RAILTEL STOCK TARGET
Market Trading Guide: IEX, RailTel among 5 stock recommendations for Wednesday
Benchmark equity indices Sensex and Nifty ended almost flat on Tuesday after a record-breaking rally as investors preferred to remain on the sidelines awaiting further triggers. After trading in the positive territory for the most part of the session, the 30-share BSE Sensex declined 33.49 points to settle at 76,457 due to fag-end selling. In a volatile trade, the NSE Nifty ended marginally up by 5.65 points to 23,264.85. "Nifty is currently placed at the hurdle of 23,400-23,500 levels (1.382% Fibonacci projection), weekly hanging man and the opening downside gap of 4th June, which are weighing high for the market to sustain the new all-time highs. Hence, there is a possibility of a dip in the market. Immediate support is at 23,050 levels," said Nagaraj Shetti, Senior Technical Research Analyst, HDFC Securities. Here are 5 stock recommendations for Wednesday:
Minister & Policy Continuity: Will it lead to re-rating getting sustained ? 7 stocks of railway’s ecosystem.
While it became clear on the day of the election result only that the same government is going to continue. Some doubts were raised as to whether there would be a shift in policy focus. A part of the answer has come in the form of portfolio allocation. Some of the key sectors which mattered to the street because they had seen a re-rating and valuations are high, the continuation with the same minister is an indication that government is clearly focussed on continuation not only with a policy focus but it also does not want to waste time in getting a new minister and spending time in him/ her understanding the core work. Now this should bring relief to some companies as their projected plans and workflow will continue. Which means that expected growth which the market has put in its estimates of earning has a high probability of continuing.
Railways stocks: Stay bullish, just hedge a bit to avoid mistake of selling in haste: 7 outperforming railways stocks across different segments
Even the best of the rational brain can make wrong decisions when there is too much noise which gets created due to a narrative. Now for the last few days a narrative has been created that due to polls, FPI are selling. These kinds of narratives tend to hit the sector and stocks which are sitting with big gains and are dependent on government policy push. Railways was among the last sectors to get re-rated due to the policy focus. Whether it was companies which are financing the expansion of railways or private sector companies which are making coaches, all of them have done extremely well. Given the fact the railways is likely to be the focus area, the long term story remains intact. Only thing is that one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate and the sector has a long runway.
4 PSU stocks which are gig beneficiaries of the government focus on power, railways & infrastructure projects
What should a company which is lending both for short and long term but only to a particular sector be called. A “sectoral lender” or “term lending institution”. The obvious answer would be a sectoral lender. But the fact is that these are term lending institutions which come with its own advantages and disadvantages. The word “term lending institution” is not a word which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks but term lending institutions. The difference between today’s PFC and IRFC of the world and old timer ICICI is that the PFC and IRFC are focussed in lending to a sector, whereas in old days, ICICI used to lend to different sectors. Another big difference is that PFC and REC have lower cost of capital as compared to term lenders like in the old days. Because some of these PSU lenders have come into public space recently, even analysts seem to be getting on the wrong foot by being less than optimistic.
Making a comeback after 3 decades? 4 stocks of sector-specific term lending institutions with focus on power & railways
Term lending institutions as a sector or as a set of companies is not something which many on the street would know or remember because this word was used a couple of decades back when ICICI, IDBI were not banks. They were term lending institutions who used to give loans to companies for specific projects for a specific period of time, which used to be normally longer term as compared to banks. That model failed for multiple reasons that is why the word “ term lending institution” became a bad word or one can say went into oblivion. The one company which did not change itself for multiple reasons is IFCI and we all know what happened to it. But if one looks at some of the companies, their essential model is to provide capital for the long term. The only difference is that they are catering to specific sectors, the whole chain of companies in that sector. So they can be called “ sector specific term lending institutions” and yes they are once again back on the street because there is a world of difference in today and what things were 10 years back.
Big beneficiaries of government focus on sectors like power & railways: 4 PSU stocks with focus on sectoral lending
One segment where upward movement in stocks has been seen with much more skepticism than any other sector has been the government owned “term lending institutions” or what is commonly referred to as sector specific lenders like REC, PFC. There are multiple reasons for this skepticism, right from the fact that these stocks have either been market underperformers or at best market performers in some phases. So, when they move upward sharply, questions are bound to come. But is the historical bias against PSU making one overlook the underlying changes which a cleaner sectoral growth can bring to?
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RailTel Corporation shares jump 9% on Rs 113 crore order win
The scrip was trading 1% higher at Rs 342.3 on BSE at 11:43 am. Meanwhile, the stock has given multibagger returns as it has risen 220% in the last year and over 280% in the past two years. However, it has plunged over 23% in the past two weeks.
Budget throws spotlight on more than 50 stocks from 7 sectors
Within the confines of the available fiscal space, the government is channeling enough for capex which is almost 40% of the additional total outlay. This is being directed to roads, railways, and defence and it can have positive linkage effects with industries like steel, cement, capital goods etc, Way2Wealth said.
Time to lock profits in RailTel, IRFC and IRCTC as charts looking overbought: Aditya Arora
Aditya Arora of Adlytick believes that stocks like RailTel, RVNL, Tourism Finance, PVR-Inox, Mphasis, Torrent Pharma, SIS, and Praveg are overvalued and overbought. In the technology sector, he recommends buying Mphasis with a target of 2700. He also recommends Torrent Pharma as a pharma pick with a target of 2600-2700. SIS is another stock he finds attractive with a target of 580 to 600.
Mileen Vasudeo on 2 pharma stocks to be on now
Mileen Vasudeo says: “Nifty is likely to head towards 22,300 to 22,500 levels. But yes, at lower levels like say 21,900, there is good support. Overall, the breadth of the market remains positive throughout the trading session. On the sector front, IT has really lifted the sentiments and the pharma pack is also looking good on the charts.”
Multibagger marvels! Big bucks chasing 95 smallcap stocks that rallied up to 1,140%
During the quarter, FIIs raised their stake in at least 529 stocks, out of which a vast majority of 496 counters have given positive returns in the fiscal year and 95 have more than doubled investor wealth, shows ACE Equity data.
PSU railway stock climbs over 5% after Q2 results
The EBITDA in the quarter under review rose 15% to Rs 115 crore from Rs 100 crore in the same quarter last year. The margin, however, was down to 19.1% in the June-September period as against 23.3% in the same quarter a year ago.
Momentum Pick: Up 261% in 1 year! Multibagger IRFC can rally another 57%. Here’s why
IRFC has outperformed not just Nifty50 which has given 13% returns, but has also left behind many of its peers by a huge margin, namely Ircon International (259%), RITES (42%), RailTel (106%), Texmaco (11%) and Titagarh Rail (65%). It is trailing Rail Vikas Nigam (RVNL) which has yielded 379% returns during this period.
In FY24, RailTel targeting Rs 2,500-2,700 cr revenue, 25% plus growth over last financial year: Chairman
“We have participated in two to three small tenders, but the bulk will start coming out maybe in another five-six months and those will be delivered in the next five to six years, four to five years’ timeframe. This is a huge opportunity for RailTel also. There are also a couple of opportunities, that are due shortly. We will participate in those tenders. I cannot give a number, but we will clinch something not very big but in the next six months, we can expect orders worth roughly Rs 150-200 crore.”
RailTel Corp shares soar 45% in just one week. Is there more upside?
So far this year, the company's stock soared nearly 90% and in the last year, it has delivered multibagger returns to investors with nearly 140% gain. Analysts say the structure of the counter looks lucrative, as it is trading above all its important moving averages.
Suzlon Energy among 4 stock ideas for the coming week: Vaishali Parekh, Prabhudas Lilladher
Suzlon Energy has been identified among the top four trading ideas of the week ahead by Vaishali Parekh of Prabhudas Lilladher. Parekh set the target at Rs17 ($0.23), with a stop loss of Rs13. The stock has witnessed a recent increase in bias and sentiment with movement towards a positive reversal, Parekh wrote. Other stock tips included Railtel with a target of Rs140 and BSE, with a target of Rs685.
Buy Railtel Corporation of India, target price Rs 160: Prabhudas Lilladher
Railtel has shown improvement in trend by surpassing the significant 200DMA and 50EMA levels, with a positive bullish candle pattern in the daily chart. The RSI is also on the rise, indicating further upside potential. Railtel reported a consolidated total income of Rs 462.17 crore in the quarter ended 31-12-2022.
Buy Railtel Corporation of India, target price Rs 128: ICICI Securities
Railtel Corporation of India, incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 3843.24 Crore) operating in Telecommunications sector.
Stocks to buy today: 10 short-term trading ideas by experts for 9 May, 2023
Indian equity markets saw an increase led by banks and auto stocks, with the S&P BSE Sensex up 0.30% and the broader Nifty50 up 0.31% in early trading. However, the IT sector recorded a drop and Nifty PSU Bank fell 0.82%. Dharmesh Shah from ICICI Securities recommended buying Reliance Industries and IDFC First Bank, amongst others, for traders with a short-term horizon. The Head of Research, Technical and Derivatives at Angel One, Sameet Chavan, continued to advise traders to adopt a buy on decline strategy as the market may reach between 18,350 – 18,500.
Smallcap PSU stock rises 5% on Rs 287 crore-order win
"The company received the work order from the Centre for Development of Advanced Computing for supply, installation, integration, testing and commissioning of IT infrastructure in greenfield data centres at New Delhi and Bengaluru along with training and support," RailTel Corp said in a BSE filing.
Stocks in news: Srei Infra, Vedanta, Angel One, Bharat Forge, RailTel
RailTel has received the work order from Bangalore Metro for supply, installation testing and commissioning of the IT network infrastructure amounting to Rs 27.07 crore.
Better without its own budget! 5 stocks from railways sector with upside scope of up to 20 %
Railways is not only India’s largest employer in terms of having more than a million employees but also it is one of the biggest spenders on infrastructure, which makes it one of biggest buyers of steel, cement, engineering services in the country. Over the last seven years, the trend in the capital expenditure by railways has seen a distinct change, from being ad hoc in nature, it is far more planned and effective in terms of delivery, which helped improve the operating matrix of many companies.
A decisive close above 18,100 can help Nifty break out to 18,250
Indian equities have been underperforming, partly owing to the regional reallocation of money in the new year. This year, foreign portfolio investors have been net sellers to the extent of Rs 14,123 crore in the secondary market.
Ahead of Market: 10 things that will decide D-St action on Friday
“Nifty remained volatile throughout the session with mostly a bearish bias as it closed below the crucial short-term moving average (50 EMA). The daily RSI is in bearish crossover on the daily timeframe, suggesting sluggish momentum," says Rupak De, Senior Technical Analyst at LKP Securities
Big Movers on D-St: What should investors do with HUDCO, Railtel Corp and IRFC?
Sectorally, buying was seen in banks, capital goods, industrials, and IT stocks while selling was seen in metals, utilities, power, and realty.
Buy Railtel Corporation of India, target price Rs 125: Prabhudas Lilladher
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.
RailTel, Shipping Corp and Tata Coffee could give 10-15% return in short term: Aamar Deo Singh of Angel One
"Open Interest (OI) data in the current April series for Nifty50 indicates a Short build-up, and signals from technical indicators suggest that Nifty is likely to trade in the range of 17,250 – 17,750."
Buy Railtel Corporation of India, target price Rs 130: ICICI Securities
Railtel Corporation of India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 3390.71 Crore) operating in Telecommunications sector.
Buy Railtel Corporation of India, target price Rs 167: ICICI Securities
Railtel Corporation of India Ltd., incorporated in the year 2000, is a Small Cap company (having a market cap of Rs 4595.84 Crore) operating in General sector.
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