Shares of RailTel Corporation of India Ltd have halved from their all-time high in less than a year. The railway multibagger stock, which hit a record high of Rs 618 on July 12, 2024 fell to a low of Rs 303 in the current trading session. RailTel Corp stock was trading on a flat note at Rs 306.90 against the previous close of Rs 308.10 on BSE. The stock opened lower at Rs 308.10 today. Market cap of the firm rose to Rs 9852.81 crore.
Total 1.54 lakh shares of the firm changed hands amounting to a turnover of Rs 4.74 crore. The stock fell to a 52-week low of Rs 265.30 on March 3, 2025.
RailTel Corp stock is trading higher than 10 day, 20 day, 30 day but lower than the 50 day, 100-day, 150 day and 200-day moving averages. The small cap share has lost 16.47 per cent in a year and fallen 24.13 per cent this year. Jigar S Patel from Anand Rathi said, "Support will be Rs 300 and resistance at Rs 322. A decisive move above the Rs 322 level may trigger a further upside of Rs 340. The expected trading range will be between Rs 290 and Rs 340 for the short-term."
Amol Athawale, VP-technical Research, Kotak Securities said, "After a promising uptrend rally, the stock witnessed profit booking near the 50-day SMA (Simple Moving Average) zone. However, the short-term trend of the stock is still on the positive side. Technically, on weekly charts, the stock has formed a reversal pattern, and on daily charts, it is holding a higher bottom formation, which is largely positive. For positional traders, the 20-day SMA at 295 will act as a key support zone. As long as the stock is trading above this level, the bullish formation is likely to continue. On the upside, the stock could retest the 50-day SMA or 340 resistance zone . A breakout above Rs 340 could push the stock up to the 350-355 range."
Osho Krishan, Senior Analyst - Technical & Derivatives, Angel One said, "RailTel is currently positioned near its 20-day Exponential Moving Average (DEMA), which coincides with the neckline of the recent breakout around the 300 subzone. The stock price has significantly diverged from its 50-day and 100-day DEMAs, indicating a notable decline. However, the recent consolidation between 300 and 280 can be viewed as intermediate support; a further breakdown in this area could exacerbate the sell-off. On the upper end, the 340-360 range presents a substantial resistance level, and a decisive breakout above this zone could restore strength in the stock."
Mandar Bhojane, Equity Research Analyst, Choice Broking said, "RailTel is currently trading at Rs 308.1, attempting a recovery after a prolonged downtrend. The stock recently experienced a sharp upward move, signaling renewed buying interest but is facing resistance near ?326.49. A minor pullback is underway, indicating profit booking at higher levels. Technically, the stock is forming a double bottom pattern at lower levels, which is typically a bullish reversal structure. However, it is still trading below its 100-day and 200-day EMAs, suggesting the broader trend remains bearish. On the positive side, RailTel has crossed above its 20-day and 50-day EMAs at Rs 304.88 and Rs 326.49, respectively, which could act as short-term support and resistance zones. Resistance is seen in the Rs 340–Rs 360 range, while key support lies between Rs 295 and Rs 280. The Relative Strength Index (RSI) is at 49.69, showing improving momentum and gradually shifting towards bullish territory. For effective risk management, a stop-loss at Rs 275 is recommended. On the upside, the stock offers a potential target of Rs 380 if it sustains above the mentioned resistances and confirms the pattern breakout."
Ravi Singh, SVP - Retail Research, Religare Broking said, "RailTel has corrected over 55% from its peak of Rs 617, which it reached on July 12, 2024. Since then, the stock has been trading in a bearish trend. However, on the daily charts, it has shown signs of reversal by forming a double bottom pattern after finding support near the Rs 265- Rs 270 zone. Recently, the stock faced rejection at the resistance of the 50-day moving average. A fresh strong buying opportunity can be expected above ?335, with potential targets of Rs 387-400, while maintaining a stop-loss of 5-7%. Sustaining above the 50-day EMA could indicate a positive trend in the coming months. Additionally, Railtel has secured a work contract worth over Rs 25 crore from HPCL. This five-year rate contract includes the renewal of existing MPLS/ILL links and provisions for new connections that may be required over the next five years, subject to feasibility confirmation."
A R Ramachandran, SEBI registered Independent analyst says, "Railtel is bearish on the Daily charts with strong resistance at 337. A Daily close below support of 295 could lead to a target of 265 in the near term."
The fall in the stock comes ahead of record date for 2nd Interim dividend on April 2, 2025. The Board of Directors have declared second interim dividend at the rate of 10% of paid-up share capital (Rs.1/- per share).
RailTel Corporation is a Mini Ratna (Category-I) PSU and is one of the largest neutral telecom infrastructure providers in the country owning a pan-India optic fiber network on exclusive right of way (ROW) along railway track. The company's segments include telecom services and and project work services.