Oriental Rail Infrastructure share price touched a 52-week high of Rs 378.55 and locked at a 5 percent upper circuit in the early trade on July 11 after the company received an order from Indian Railways.
At 09:30 am, Oriental Rail Infrastructure was quoting at Rs 378.55, up Rs 18.00, or 4.99 percent, on the BSE.
There were pending buy orders of 66,586 shares, with no sellers available.
".... has secured orders worth Rs 19,33,83,382.04 from Rail Coach Factory (RCF), Kapurthala, Indian Railways," the company said in an exchange filing.
95 percent of the contract value will be paid upon receipt of an inspection certificate from the nominated agency and proof of dispatch or delivery of the material. The remaining 5 percent will be paid after the goods are received, inspected, and accepted.
The contract included the manufacturing and supply of 194 sets of ‘Seats’ for LHB GS coaches, 96 sets of ‘Seats and Berths’ for LHB SCN coaches, and 29 sets of ‘Seats and Berths’ with MS corrugated sheets for LHB AC3T coaches.
Catch all market action in our live blogOriental Rail Infrastructure shares have jumped 278 percent in the last nine months, while it has given a massive 560 percent one-year return.
Disclaimer: The views and investment tips expressed by investment experts on Moneycontrol.com are their own and not those of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.