Railtel on good tracks

Railtel is a big gainer today, figuring among the top three gainers on the BSE; from its close of Rs.404.95, it opened almost 4% higher at Rs.420 and rose to an intraday high at Rs.433.95, up 7%.

The stock rose on its announcement of getting a Rs.78 crore order from Bharat Coking Coal. This is for integrated IT based security infrastructure along with various types of services.

The going seems to be good for the company as earlier in Dec, it had got a Rs.38 crore order from Central Warehousing Corp and another Rs.24.5 crore order from Haryana State Electronics Development Corporation.