Stock market today: After becoming one of the Navratna companies in India, shares of Railtel Corporation of India witnessed strong buying interest during the early morning session on Monday. Railtel share price today opened with an upside gap at ₹512.60 apiece on the NSE and touched an intraday high of ₹514.50 per share within a few minutes of the Opening Bell, recording an intraday high of around 5 per cent against the Friday’s close price of ₹490.80 apiece.
Triggers for Railtel share price today
Speaking on the reason for the rise in Railtel share price, Avinash Gorakshkar, Head of Research at Profitmart Securities, said, “The current rally in this railway PSU stock can be attributed to the Navratna status being given to the company last week. However, the PSU railway stocks are available at a discounted price and it has remained almost non-participant in the recent bull market. So, this positive trigger has attracted buyers’ interest during the morning session.”
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