Subros jumps 9% on order win from Indian Railways, stock nears 52-week high

Shares of Subros moved higher by 9 per cent to Rs 408.80 on the BSE in Thursday’s intra-day trade after the company has bagged an order from Indian Railways for supply of coach air-conditioners (LHB-RMPU Type 1) in a recently concluded tender. The stock had hit a 52-week high of Rs 418 on October 25, 2021. It hit a record high of Rs 442 on January 12, 2018.

At 02:41 pm; Subros traded 4 per cent higher at Rs 388.80, as compared to 0.04 per cent decline in the S&P BSE Sensex.

Subros is already a supplier of