For the past week or so, Commercial Engineers & Body Builders has been hitting the 5% UC every single day. Today too, it hit the 5% UC at Rs.24.70 the moment it opened for trade, a new 52-week high also.
The company has received an order for manufacture and supply of Wagons to Railway Stores, Ministry of Railways, Government of India, the bidding for which was conducted under the reverse auction method.
These Wagons are BOXNHL type, designed to carry coal, steel, stones etc. and the value of order is Rs.152 crore.
The company is one of the leading designers and manufacturers in India of vehicle bodies for commercial vehicles with an extensive portfolio of product offerings. The company produces vehicle and locomotive bodies for diverse applications for road and railways transportation. They also conduct refurbishment of railway wagons as well as manufacturing of components for railway wagons, coaches and locomotives.