At 2.09 AM, the Sensex was up 165 points or 0.2 percent at 83,056.18, and the Nifty 50 added 49.30 points to reach 25,406. Market breadth was positive with 1,838 shares advancing, 1,598 declining, and 91 unchanged.
Here the stocks jumped up to 4 percent after receiving significant work orders;
Cosmic CRF Ltd
The shares of the stainless steel manufacturer gained up to 4 percent after the company received a significant work order from the Wagon Manufacturing Industry worth Rs 1,021.59 lakhs.
With a market capitalization of Rs 1,542.86 crore, the shares were trading at Rs 1,882.00 per share, increasing around 2.52 percent as compared to the previous closing price of Rs 1,835.75 apiece.
According to the company filing, Cosmic CRF Ltd received a significant work order from the Wagon Manufacturing Industry for 200 sets of CRF Sections-BOXNHL, Design-D (UMBS) Wagons. This order is valued at Rs 1,021.59 lakhs which will take place within 8 months.
As of May 2024, the company has healthy growth in the order book, with the present order book standing at around Rs. 504 crore and orders worth Rs 119 crore under discussion and expected to close In the near term.
Oriental Rail Infrastructure Ltd
The shares of this railway company gained up to 2 percent after the company received a significant work order from Integral Coach Factory (ICF), Chennai worth Rs 1.42 crore.
With a market capitalization of Rs 1,805.97 crore, the shares were trading at Rs 293.85 per share, decreasing around 1 percent as compared to the previous closing price of Rs 293.85 apiece.
According to the company filing, Oriental Rail Infrastructure Ltd received a significant work order from Integral Coach Factory (ICF), Chennai for the supply and Installation of 16 sets of ‘Seats and Berths’ with hardware for LWSCN PP coach worth Rs 1.42 crore.
As of March 2024, the firm and its subsidiary, Oriental Foundry Private Ltd., have a total orders of Rs 1,900 crore.
Written by:- Abhishek Singh
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