RailTel Share Price Soars to ā¹401, Brokers Recommend Buying
š RailTel Corporation’s stock closed at ā¹401 on Thursday, marking a 3% increase. Brokerage firm HDFC Securities has advised purchasing shares of the railway’s telecom service provider in the next 10 days. This multi-bagger stock has consistently delivered a whopping 235% return year-on-year.
š The stock has been on an upward trend for the past three trading sessions. Starting at ā¹356 on May 13, it surged to ā¹401 within three days, showing a growth of 12-13%. On February 28, the stock hit an all-time high of ā¹491, the highest in 52 weeks.
š Despite hitting lows of ā¹348 on May 10 and ā¹301 on March 14, RailTel has managed to provide impressive returns. It has seen a 12% increase in the past week, a flat trend over two weeks, and approximately 10% growth in a month. Year-to-date, it has yielded a 14% return, 62% in six months, and a remarkable 235% over the past year.
š° The IPO, launched in February 2021 at ā¹94, has delivered up to 100% returns after two years. With a target price of ā¹418 and a stop-loss set at ā¹367, RailTel’s stock continues to attract investors with its consistent growth.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
