New Delhi, Aug. 19 -- RailTel Corporation of India, a state-owned enterprise, saw its shares rebound sharply during Wednesday's trade, August 19, surging 7.5% to hit the day's high of Rs.297.60 apiece following a fresh order win.

Wednesday's rally brought much-needed relief to investors, as the stock had remained under pressure throughout August. The rebound has now turned the stock's monthly returns positive.

The company informed on Tuesday that it had secured an extension of a work order from the Employees' Provident Fund Organisation (EPFO) for a period of one year, involving additional components. The order is scheduled to be executed by February 2027.

The value of the order stands at Rs.166.80 crore, making it the fourth order win...