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RailTel IPO – Are investors in the right network?

February 16, 2021 / 07:49 PM IST
RailTel IPO – Are investors in the right network?

Representative image: Reuters

PRO Only Highlights
Quarterly performance largely backed by improved realisations
Medium-term triggers China plus and protectionist measures for tyre industry
Valuations not inexpensive; but improved medium-term outlook

Highlights - Issue is completely offer for sales - Stable historical financial performance and consistent dividend payout - Strong order book and has partnership with Indian Railways - Valuation at a fair level  RailTel, a Mini Ratna Central Public Sector Enterprise, wholly owned by the Government of India (GOI) and administrated by the Ministry of Railways, is coming out with an initial public offering. The IPO comes at a time when the telecommunications industry has been one of the biggest winners of the pandemic. The company...

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