Rs 1,200 crore order book & back-to-back upper circuit: This multibagger railway stock bags new order worth Rs 12,14,06,596!

Shares of the company gained more than 320 per cent in the last six months.

Oriental Rail Infrastructure has bagged a major order worth Rs 12 crore from Indian Railways, Modern Coach Factory. The company will manufacture and supply 126 sets of seats and berths for LHB AC3T Economy coaches by May 31, 2024. A 95 per cent payment will be made upon inspection and delivery, with the remaining 5 per cent after final acceptance. This domestic contract is a significant boost for Oriental Rail. Owning to the positive news, the stock has been locked in the upper circuit for the last two days.

Earlier, Oriental Foundry, a subsidiary of Oriental Rail, struck gold with a massive Rs. 485 crore order from Indian Railways. The company will build 1,200 BOXNS wagons by December 2025. And a 90per cent payment comes upon inspection and delivery, with the final 10 per cent after acceptance. This domestic deal is a game-changer, boosting both companies and bolstering India's freight capacity.

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.

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.

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.