Stone India Ltd

BSE Code: 522085

Investors can buy the shares of Stone India Ltd at the price range of Rs.57.80--Rs.58 for the short term. The stock is looking good on the daily charts.

Stone India Limited earlier received the first bulk order valued at Rs.49 Million from Rashtriya Coach Factory, Kapurthala for the supply of Air Spring for 123 coach sets.

It is manufacturing this product in collaboration with Sumitomo Electric Industries, Japan - the leading supplier of such products for Bullet Trains in Japan. This product will be supplied both from Kolkata as well as from its new plant in Nalagarh, Himachal Pradesh. The company expects to receive more orders for Air Spring during the year.

The company would get benefitted from the introduction of few more "Duranto Express Train"  by the railway minister, Ms.Mamata Banerjee. 

"Duranta Express" will use a 'new generation' pneumatic suspension system manufactured by Stone India, which will provide superior air cushion ride for passengers for trains running at a higher speed. Its uniqueness lies in its rubber & metal design which holds a large column of air.

Stone India, a multi-product engineering company located in Kolkata, has been serving the Indian rail road industry for over seven decades.

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