Rs 1,430 crore order book: This multibagger railway wagons company receives new orders worth Rs 37,64,36,430.88 from Indian Railways!
The stock is up by 85 per cent in 3 months and gave multibagger returns of 145 per cent in 6 months.
Oriental Rail Infrastructure Ltd informed that the company has secured orders worth Rs 37,64,36,430.88 from Modern Coach Factory (MCF), Raebareli, Indian Railways for manufacturing and supplying 542 sets of seats and berths which includes 446 sets for LHB AC 3T coaches and 96 sets for LWSCN coaches.
Further, the above-mentioned order of 446 sets for LHB AC 3T coaches is to be completed/supplied up to December 31, 2024, whereas the order of 96 sets for LWSCN coaches is to be completed/supplied up to February 29, 2024
Earlier, Oriental Foundry Private Limited, a wholly-owned subsidiary of the company received Research Design & Standard Organization (RDSO) approval for the enhancement of its manufacturing capacity of Wagons up to 2400 Wagons per year. Also, Oriental Foundry Private Limited, a wholly-owned subsidiary of the company has met the requirements of infrastructure, manufacturing, testing and quality assurance for the manufacturing of railway wagons
Today, one of the Top Gainers on BSE, shares of Oriental Rail Infrastructure Ltd surged 2 per cent upper circuit to Rs 96.05 per share from its previous closing of Rs 94.17. In the recent trading sessions, the stock is hitting back-to-back upper circuits.
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 1,430 crore.
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 over Rs 500 crore.
The stock is up by 85 per cent in 3 months and gave multibagger returns of 145 per cent in 6 months. Investors should keep an eye on this micro-cap stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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