Heavy buying: Back-to-back upper circuit in this micro-cap multibagger stock; with an order book of Rs 1,900 crores!

Shares of the company have gained about 50 per cent in the last six months.

Shares of Oriental Rail Infrastructure Limited were locked in the upper circuit on Tuesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. In the last six months, the stock has gained over 50 per cent.

Oriental Foundry Private Limited, a wholly-owned subsidiary of the company, is into manufacturing of wagons, bogies, and couplers. It has set up two new plants in Gujarat and expanded the capacity of its wagon plant. The company also secured an order worth Rs 1,211.89 crores from Indian Railways for manufacturing and supplying wagons.

The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 92.81 crore which grew by 130.99 per cent YoY. The operating profit of the company stood at Rs 13.91 crore, while the PAT of the company stood at Rs 5.44 crore, representing a growth of 3.72 per cent YoY.

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Shares of Oriental Rail Infrastructure Limited have also delivered multibagger returns of about  115 per cent in three years holding period.

Oriental Rail Infrastructure Ltd is engaged in the manufacturing, buying, and selling of all types of Recron, Seat & Berth, and Compreg Boards, and also engaged in trading of timber woods and all its products.

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.