Promoter bought 75,00,000 shares and Mukul Agrawal bought 34,00,000 shares of this multibagger rail infrastructure company via warrants, scrip hit upper circuit & 52-week high!

The stock gave multibagger returns of 190 per cent in just 3 months and over 440 per cent in 6 months.

Indian markets plunged on Tuesday, with both the Sensex and Nifty indices falling over half a per cent. Despite the overall bearish sentiment, a single multibagger railway infrastructure stock skyrocketed 5 per cent to a 52-week high, defying the market trend. This outlier's surge highlights the potential for individual stock gains even during broader market downturns.

This champion stock scaled Everest - uncover the hidden pathways that led it to the peak. Here are the details:  

The company, in accordance with relevant laws and regulations, seeks shareholder approval to create and issue 75 lakh convertible warrants at Rs 169 each (including a Rs. 168 premium) to the promoter (Wazeera S Mithiborwala) on a preferential basis. These warrants will be equivalent to the same number of equity shares and issued in dematerialized form.

Earlier, the company's board raised Rs 215 crore via issuing shares, convertible securities or debt, subject to approvals. They also proposed issuing 50.56 lakh new shares at Rs 169 each to non-promoters, pending approvals. Meanwhile, an ace investor, Mukul Mahavir Agrawal bought 34 lakh shares at Rs 169 per share, contributing Rs 57.46 crore to the fundraising.  

The stock name is ORIENTAL RAIL INFRASTRUCTURE LTD.

Oriental Rail Infrastructure Ltd (BSE Scrip Code: 531859) is engaged in the manufacturing, buying, and selling of all types of recron, seat & berth, compreg boards and is also engaged in trading timber woods and all its products. The company has a market cap of Rs 1,376.95 crore.

The company reported amazing numbers in its Quarterly Results and annual results. Additionally, Oriental Rail Infrastructure announced that the company along with its subsidiary company (Oriental Foundry Private Ltd) has total orders in hand of approx. Rs 1,500 crore. The stock gave multibagger returns of 190 per cent in just 3 months and over 440 per cent in 6 months.

Recently, the company received an order worth Rs 12,14,06,597 from Modern Coach Factory (MCF), Raebareli, Indian Railways. The order includes manufacturing and supplying 126 sets of seat and berths for LHB AC3T economy coaches.

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Disclaimer: The article is for informational purposes only and not investment advice.