RAILTEL - AS PER FIB RETRACEMENT, CORRECTION WAVE MIGHT BE OVER

Aug 10

Hi,

This idea is about Railtel Corporation of India Ltd

ABOUT THE COMPANY

RailTel was incorporated in 2000, with the objective of creating nationwide broadband and VPN services, telecom, and multimedia network, to modernize the train control operation and safety system of Indian Railways. It is a "Miniratna" PSE of the Government of India. At present, RailTel's network passes through around 6,000 stations across the country, covering all major commercial centers

TECHINCALS

As per the price action, the first impulse wave took the price all the way from 337 to 615. THen the correction wave commenced which pulled back the price from 615 to 440 levels. The price point as per fib retracement is at the point of 50-61% which as per Elliot Wave theory should be the correction wave

Next impulsive wave could start if the price aloses above 475 with volume support

FUNDAMENTALS

Market Cap
₹ 15,066 Cr.
Current Price
₹ 469
High / Low
₹ 618 / 163
Stock P/E
56.4
Book Value
₹ 56.9
Dividend Yield
0.61 %
ROCE
20.2 %
ROE
15.2 %
Face Value
₹ 10.0
Equity capital
₹ 321 Cr.
No. Eq. Shares
32.1
EPS
₹ 7.99
Promoter holding
72.8 %
Change in Prom Hold
0.00 %
Chg in Prom Hold 3Yr
0.00 %
Pledged percentage
0.00 %
Market Cap to Sales
5.67
Sales growth
29.8 %
PEG Ratio
3.81
EVEBITDA
27.9
Quick ratio
1.16
Trade receivables
₹ 1,268 Cr.
Sales
₹ 2,658 Cr.
Debt to equity
0.02
Price to book value
8.25
Free Cash Flow
₹ 347 Cr.
CMP / FCF
75.8

Thanks,
Stock-n-Shine