Small Cap Stock Wins Back-To-Back Orders From Indian Railways, Gains 201% In 6-Months

Small cap company from the building materials sector Oriental Rail Infrastructure Limited on November 17 hit upper circuit and ended 2% higher to 114.90 per share after the company won back-to-back orders. It bagged orders on November 17 (worth approximately 19 crores) and on November 18 (worth approximately 7 crores) from India Railways. Oriental Rail Infrastructure shares jumped 84% in last 3-months and 201% in last 6-months. Check details below:

Oriental Rail Infrastructure Bags Orders From Indian Railways: According to the BSE filing dated November 17, "We wish to inform you that Oriental Rail Infrastructure Limited has secured orders worth Rs.19,91,85,175.37/- ( Nineteen Crores Ninety one Lakhs Eighty Five Thousand One Hundred Seventy Five and Thirty Seven Paise only) from 'Rail Coach Factory (RCF), Kapurthala , Indian Railways''.

According to the BSE filing of the company dated November 18, "We wish to inform you that Oriental Rail Infrastructure Limited has secured orders worth Rs. 7,27,87,849.88/- ( Rupees Seven Crores Twenty-Seven Lakhs Eighty-Seven Thousand Eight Hundred Forty-Nine and Eighty-Eight paise only) from 'Rail Coach Factory (RCF), Kapurthala , Indian Railways''.

Oriental Rail Infrastructure Stock Performance & Return: The stock's 52-week high price is Rs 127.75 per share and 52-week low price is Rs 33.50 per share, respectively. Its market capitalisation is Rs 619.35 crore. Oriental Rail Infrastructure shares rallied 50% YTD, fell 7% in last 1-year, declined 19% in last 2-years, and offered return of 195% in last 3-years.

About: Oriental Rail Infrastructure Limited (Formerly known as Oriental Veneer Products Limited) ('ORIL') is a 30 year old organization engaged in the manufacturing and supply of several items for the Indian Railways and other industries. The Company had modest beginnings in 1991, it commenced operations by manufacturing Veneer and Railway products. The company was listed on Bombay Stock Exchange (BSE) on July 24, 1996 under the script code: 531859 with ISIN: INE457G01029, according to its official website.

It has a wholly owned subsidiary under the name of Oriental Foundry Private Limited (OFPL) incorporated on July 25, 2014 OFPL is a major manufacturer of Heavy Engineering Equipments like Railway Rolling Stock.

Disclaimer: The stock just highlights the rally in shares after order win from Indian Railways and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.

Focus key: Oriental Rail Infrastructure