India's Oriental Rail rises on order to supply train seats

Presstonic Engineering

04/10/2024 08:04

** Shares of Oriental Rail Power  ORIF.BO  rise 3.8% to
278.2 rupees
    ** Rail coach parts-maker received order worth 36.8 million
rupees ($438,290.90) from Indian Railways to manufacture seats
    ** Still, stock down ~5% this week; its 3.3% rise last week
ended four straight weekly declines
    ** ORIF up 20% YTD vs ~10% decline in rival Presstonic
Engineering  PESS.NS 
    

($1 = 83.9625 Indian rupees)

 (Reporting by Varun Vyas in Bengaluru)
 ((varunvyas.hebbalalu@thomsonreuters.com))