India's Oriental Rail Infrastructure rises on order win

Oriental Rail Infrastructure

26/02/2024 07:48

** Shares of Oriental Rail Infrastructure  ORIF.BO  up 2.6%
at 279.3 rupees on order win
    ** Co wins order worth 127.9 mln rupees ($1.5 mln) to
manufacture and supply 208 sets of seats and berths for Indian
Railways
    ** Stock set to rise for a 10th straight month
    ** ORIF has been above its 50-day, 100-day SMAs since July
and above its 200-day SMA since late August, indicating bullish
sentiment
    ** Trading vol is close to its 30-day daily avg
    ** Stock rose 3x in 2023, gaining most in a year since 2014




($1 = 82.8850 Indian rupees)

 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))