Railway stocks, which were one of the biggest performers over the last few years, have seen sharp correction in the past six months. The railway heavyweights Indian Railway Finance Corporation (IRFC), Rail Vikas Nigam (RVNL), IRCON International, RITES, and Indian Railway Catering and Tourism Corporation (IRCTC) have recently touched their respective 52-week lows, collectively losing around ₹400 billion in market capitalisation. Even smaller companies in the railway sector, such as Oriental Rail Infrastructure, have been badly affected, slipping to its 52-week low level last week.

Bucking the trend, Oriental Rail Infrastructure made a smart recovery in the last four sessions, hitting 5% upper circuit limit for the fourth consecutive day on the Bombay Stock Exchange (BSE). On Monday, the stock was locked in its upper circuit limit at ₹170.30, with a market capitalisation of ₹1,052 crore.

In the last four sessions, Oriental Rail shares have rebounded 21.5%, while it surged 24% from its 52-week low of ₹137.20 touched on March 4, 2025. Despite the recent rally, the stock is down 62% from its 52-week high level of ₹445 hit on July 19, 2024.

The recent rally in Oriental Rail shares can be attributed to back-to-back order win, including a deal for the Vande Bharat Express. On March 7, the company informed exchanges that it entered into the segment of “Vande Bharat” and accordingly secured its first order worth ₹42.9 crore from ‘Rail Coach Factory (RCF), Kapurthala. The contract covers supply of 8 sets of one rake seats for the Vande Bharat Express, India's first domestic semi-high-speed train. 

Besides, on March 5, the company said in a BSE filing that it secured order worth ₹1.61 crore from North Western Railways, Ajmer. This was for supply of 66 sets of PU Foam as cushion material (for retrofitment of berth and seats).

Adding to it, it bagged an order worth ₹1.63 crore from Integral Coach Factory (ICF), Chennai, Indian Railways. The company secured order for supply and installation of 5 sets of one coach set of chair car seats for train set MC, TC, MC2 coaches, it said in a BSE filing on March 3, 2025.

Formerly known as Oriental Veneer Private Limited (OVPL), the company was incorporated on March 8, 1991, by Mumbai-based Mithiborwala family. The company was later converted into a public limited company on July 3, 1995, and got listed on the BSE. The company is engaged in manufacturing and selling recron, seat and berth, compreg boards, retention tanks and, also the company is engaged in the trading timber woods and all its products. The company caters domestic markets.