Yesterday, Oriental Rail Infra bagged a mega order worth Rs 485 crore from Indian Railways behind the rally in the share price. This is a big deal for the company. And this can lead to an uptick in stock prices. Can be a great boost. The contract covers the manufacture and supply of 1,200 wagons. It is indicated that the company got a contract worth half of the market value of the company at once.
The agreement is also part of the promotion of domestic manufacturing under the “Make in India” initiative. The company, a champion in heavy engineering, is a leader in the railway sector. For the company, the new order will help create jobs and expand business.
The company has 30 years of expertise in the railway sector. With a well-equipped laboratory and R&D department, the company is able to supply wagons that meet the standards demanded by the Indian Railways. As more infrastructure projects come up, the demand for high-end wagons may pick up again. This can lead to the advancement of the company.
The stock has given investors a return of 52.87 percent in one month. Multibagger return is 301.49 percent in three years. This is a stock that can be kept on the watchlist for now.
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