Subros smart gainer

Subros is among the top five gainers on the BSE, opening over 1.5% higher at Rs.379.65, rising 9.5% higher at Rs.408.80, not too far from its 52-week high at Rs.418.

The stock rose after the company announced today morning that it has bagged an order from Indian Railways for supply of Coach Air-conditioners recently concluded tender.

The company is already a supplier of Rail Driver Cabin Air Conditioning system and with this business, the complete scope of air conditioning for rail driver cabin coaches is complete.

This is in line with its strategic direction to expand business in Railway Electric Mobility Segment.