RailTel share price jumps ahead of Q3 results today. Buy, hold, or sell?

livemint.com:

Stock market today: RailTel shares have been in an uptrend since early morning deals. RailTel share price today opened flat at ₹387.25 apiece on NSE and went on to touch an intraday high of ₹406.50 per share level within a few minutes of the stock market's opening bell.

However, the railway PSU stock failed to sustain its intraday high and witnessed profit booking on higher levels. Also Read: Multibagger penny stock: LIC remains bullish on Integra Essentia Ltd shares during Q3FY24 According to stock market experts, RailTel is going to declare its Q3 results today for the financial year 2023-24.

The market is expecting robust third-quarter numbers for the current fiscal and this rally in RailTel shares should be seen from this perspective. They advised investors to maintain the 'buy on dips' strategy and suggested RailTel shareholders hold the PSU stock maintaining a stop-loss at ₹350 apiece levels.

Also Read: Tech Mahindra Q3 result preview: PAT, revenue to fall YoY On what the market is expecting from RailTel results in Q3FY24, Parth Shah, Research Analyst at StoxBox said, "Following strong second-quarter performance, Railtel is expected to post robust third-quarter numbers on the back of strong order inflow. The company telecom business is expected to clock mid-single digit growth in revenues, while the low-margin project business is likely to continue with its strong upward trajectory." Also Read: CCI approves JSW's acquisition of up to 38% stake in MG Motor India "Following strong second-quarter performance, Railtel is expected to post robust third-quarter numbers on the back of strong order inflow.