Rs 550 Crore Order Book: This Railway Wagons Company Bags New Orders Worth Rs 1,021.59 Lakh From Wagon Manufacturing Industry
The stock gave multibagger returns of over 700 per cent from its 52-week low of Rs 229.25 per share.
Cosmic CRF Ltd informed that the company has secured an order valued at Rs 1,021.59 lakh (inclusive of GST) from a domestic Railway Wagon Manufacturing Company. The order, for 200 sets of CRF Sections-BOXNHL, Design-D (UMBS) Wagons, is scheduled to be completed within 8 months. The terms and conditions of the contract align with the agreement reached between the parties.
Earlier, Cosmic CRF Ltd secured significant orders totalling Rs 2,560.31 lakh from both domestic Wagon Manufacturing Companies and Indian Railways divisions. These orders, which include contracts for the supply of CRF Sections for various Wagon components, collectively highlight the company's strong market position and its commitment to delivering high-quality products on time.
On Friday, shares of Cosmic CRF Limited gained 4.60 per cent to Rs 1,835.75 per share from its previous closing of Rs 1,755 with an intraday high of Rs 1,840 and an intraday low of Rs 1,711. The stock has a 52-week high of Rs 2,210 and a 52-week low of Rs 229.25.
DSIJ’s 'Tiny Treasure' service recommends researched Small-Cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Cosmic CRF is engaged in the manufacturing of railway components, sheet piles and structures. Cosmic CRF Limited is a qualified and RDSO-approved supplier of cold-rolled stainless sections to renowned wagon manufacturers. In addition to this, the company also supplies cold rolled stainless sections to direct orders of the railways through tender procurement.
Cosmic CRF Ltd has a market cap of over Rs 1,500 crore and as of July 31, 2024, the company’s order book stands at Rs 550 crore. The stock gave multibagger returns of over 700 per cent from its 52-week low of Rs 229.25 per share. Investors should keep an eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
Also Read: Rs 1,20,000 Crore Order Book: Can This Defence Aircraft Company Be The Next Maharatna PSU After Oil India Ltd? Company Signed Rs 26,000 crore contract with MoD