Shares of RailTel jumped 11.17%, the highest level since Jan. 23, before paring gains to trade 11% higher at 10:08 a.m. This compares to a 0.33% decline in the NSE Nifty 50.
The stock has risen 254.24% in the past 12 months. Total traded volume so far in the day stood at 3.9 times its 30-day average. The relative strength index was at 69.82.
Of the three analysts tracking the company, two maintain a ‘buy’ rating and one suggests a ‘sell’, according to Bloomberg data. The average 12-month analysts’ consensus price target implies a downside of 41.9%.
