Mukul Agrawal stock surged by 5% to hit the upper circuit after securing orders worth ₹576 crore from Indian Railways
Mukul Agrawal : Railway stock owned by , who is involved in the manufacturing and supply of a wide range of railway infrastructure-related products and services, surged by 5 percent in today’s trading session after securing new work orders worth Rs. 576 Crores from Indian Railways.
Price Movement
With a market capitalization of Rs. 1,496 Crores, shares of Oriental Rail Infrastructure Limited were trading at Rs. 241 per equity share, marking a 1.5 percent increase from the previous day’s closing price of Rs. 237.75.
Recent Developments
Oriental Rail Infrastructure Limited recently received two significant work orders from the Railway Board and Modern Coach Factory (MCF), Raebarel, Indian Railways, totaling approximately Rs. 576 Crores. The first order from the Railway Board involves the manufacturing and supply of 33 rakes of Flat Multi-Purpose Wagons for Rs. 575.21 Crores, to be completed within 21 months.
Following this, a second order worth Rs. 1.07 Crores was received from Modern Coach Factory (MCF), Raebarel, for the manufacturing and supply of seats and berths for LHB SLR HOG coaches and LHB AC2T coaches, to be completed by July 31, 2025.
Company Overview
Oriental Rail Infrastructure Limited specializes in the manufacturing, buying, and selling of Recron, Seat & Berth, and Compreg Boards, as well as trading timber woods and related products. Its products find applications in various industries, including railways, automotive, consumer, and industrial engineering.
Investment by Ace Investor
Renowned investor Mukul Mahavir Agrawal holds a 5.27 percent stake in the company, comprising 34 Lakh Equity shares. He increased his stake in the company in March 2024 by acquiring an additional 5.53 percent stake consisting of 34 Lakh equity shares.
Financials and Ratios
The company experienced a significant increase in revenue from operations, growing by 62% from Rs. 115.34 Crores in Q2FY24 to Rs. 187.37 Crores in Q2FY25. This growth was also reflected in profits, which increased from Rs. 7.69 Crores to Rs. 10.46 Crores during the same period.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.