11 Oct 2024

Oriental Rail Infrastructure Surges on Securing Rs 1.58 Crore Order

Oriental Rail Infrastructure's stock hit its upper circuit at Rs. 284.75, marking a 5% increase (13.55 points) from its previous close of Rs. 271.20 on the BSE.

The stock opened at Rs. 280.00 and fluctuated between a high of Rs. 284.75 and a low of Rs. 279.95, with a total of 42,504 shares traded. This 'T' group stock, with a face value of Rs. 1, reached a 52-week high of Rs. 445.00 on July 19, 2024, and a low of Rs. 103.94 on October 12, 2023. Over the past week, the stock ranged between Rs. 284.75 and Rs. 248.00. Currently, the company holds a market capitalization of Rs. 1,750.05 crore.

The promoters have a 54.81% stake in the company, while institutions and non-institutions hold 0.33% and 44.87%, respectively.

The company has secured an order valued at Rs. 1.58 crore from North Eastern Railways, Gorakhpur, for manufacturing and supplying vinyl-coated upholstery fabric for AC and Non-AC coaches. The total material supplied will be 13653 meters for AC coaches and 90316 meters for Non-AC coaches. The payment will be made in full after the receipt, inspection, and acceptance of the material, with the order expected to be completed by May 30, 2025.

Oriental Rail Infrastructure specializes in producing and distributing wood-based decorative products.