Here's why this multibagger railway wagon stock hit 5% upper circuit on September 20

So far this year, shares of Cosmic CRF more than tripled investors wealth by surging over 200 percent

Shares of railway component maker Cosmic CRF were locked at 5 percent upper circuit at Rs 1,809 apiece on September 20 after the company's subsidiary NS Engineering Projects bagged an  order worth Rs 127 crore from the infrastructure industry.

So far this year, shares of Cosmic CRF more than tripled investors wealth by surging over 200 percent, beating benchmark Nifty 50's 16 percent gains. Earlier, it had hit 52-week high of Rs 2,210 per share on August 28, 2024.

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Cosmic CRF is engaged in manufacturing a range of cold-rolled stainless sections, tailored for various applications in the railway sector, including fabricated components for coaches and wagons. Additionally, the company produces cold-rolled formed items for infrastructure projects and roadways, catering to both EPC contractors and national highway requirements.

The company has established a diverse clientele, including prominent firms such as Titagarh Wagons, Hindusthan Engineering & Industries, and Jindal Rail Infrastructure.

In its recent exchange filing, Cosmic CRF said that their arm secured order for supply of cold formed steel sheet piles. The amount of sheet piles required is 18,000 MT steel sheet piles (Z type and U type). The order needs to be completed in 12 months or 1 year.

Last week, the company secured an order for 200 sets of CRF Sections-BOXNHL, Design-D (UMBS) wagons worth Rs 102.1 crore. The order is expected to be completed within 8 months.

Credit ratings agency Infomerics Valuation reaffirmed proposed fund-based working capital with a 'stable' outlook.

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