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Curated By: Business Desk
Last Updated: October 10, 2023, 12:15 IST
Oriental Rail Infrastructure Ltd was established in 1991.
The company manufactures, buys, and sells all types of recron, seat and berth, and compreg boards of trains.
Investing money at the right place and at the right time is quite important in the present scenario. Investors who are looking for the right shares to buy in the stock market can now earn huge profits. A railway company’s share price has seen a jump after getting a huge order from the Indian Railways.
The name of the company is Oriental Rail Infrastructure Limited. Last Friday, the shares of the company saw a 2 per cent increase. A similar situation happened on Monday, October 9, as well. According to reports, the company’s market has reached Rs 518 crore.
Oriental Rail Infrastructure Limited has secured orders worth Rs 37.64 crore from Modern Coach Factory (MCF), Raebareli and Indian Railways. This is for the manufacturing and supply of 542 sets of seats and berths, which include 446 sets for LHB AC 3-tier coaches and 96 sets for LWSCN coaches. Further, the above-mentioned order of 446 sets for LHB AC 3T coaches is to be completed and supplied up to December 31, 2024, whereas the order of 96 sets for LWSCN coaches is to be completed and supplied up to February 29, 2024.
Oriental Rail Infrastructure Ltd is a company that manufactures, buys, and sells all types of recon, seat and berth, and compreg boards. It is also engaged in trading timber wood and all products, which are essential for developing the seating of trains.
Oriental Rail Infrastructure Ltd’s Share Status in the Market
The company has seen a 52-week high of Rs 127.50. Currently, the price is Rs 30 behind. On Monday, the price of the share was Rs 97.97. Its price-to-earnings ratio (P/E ratio) is Rs 105.55.
Financial Position of the Company
Oriental Rail Infrastructure was established in 1991. In the June quarter of 2023, the company made a revenue of Rs 95 crore with Rs 5 crore in profits. This was just Rs 1 crore more than the same period in the last financial year. Along with that, in the last quarter of the last financial year, the company received a revenue of Rs 121 crore but had to suffer a loss of Rs 8 crore. The company’s net worth until the last quarter of last year was Rs 108 crore.
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