New Delhi, May 14 -- RailTel share price jumped over 8% on Wednesday driven by robust trading volumes and a technical breakout, with analysts forecasting further upside for the railway PSU stock.

RailTel Corporation of India share price rallied as much as 8.77% to Rs.354.40 apiece on the BSE. Trading activity was significantly higher than usual, with approximately 1 crore RailTel shares changing hands on May 14 - well above the one-week average volume of 31 lakh shares.

Brokerage firm Anand Rathi has maintained RailTel as its 'Pick of the Month', highlighting that railway stocks are beginning to gain traction after a prolonged period of underperformance. The firm noted that RailTel has given a technical breakout on the daily chart, sugg...