Heavy buying and Rs 1,200 crore order book: Back-to-back upper circuit in this small-cap multibagger railway stock; bags a new order worth Rs 497 crore!
Shares of the company gained more than 350 per cent in the last six months.
Shares of Oriental Rail Infrastructure Limited were locked in the upper circuit on Thursday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last few days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained about 350 per cent.
Recently, Indian Railways awarded major contracts to Oriental Rail and its subsidiary, boosting domestic manufacturing. Oriental Rail will supply 126 sets of seats and berths for Rs 12 crore by May 2024, while Oriental Foundry will build 1,200 BOXNS wagons for Rs 485 crore by December. These domestic deals strengthen both companies, boost India's freight capacity, and send Oriental Rail's stock skyrocketing.
Also read, This multibagger power stock bags multiple new orders worth Rs 574 crore
Oriental Rail Infrastructure Limited (ORIL) is engaged in the manufacturing and selling of all types of seats & berths, compreg boards, retention tanks and, also the company is engaged in the trading of timber woods and all its products. The company caters to domestic markets. ORIL is one of the Preferred Part I vendors of Indian Railways, the major consumer of ORIL’s products. Shares of Oriental Rail Infrastructure Limited have given multibagger returns during the last three years of more than 300 per cent. Roughly, the company has an order book of Rs 1200 crore.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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