Railway order may drive Omax Autos

Omax Autos, in a post-market-hours disclosure on Thursday informed the exchanges that the railway division of the company has secured an order worth ₹90-100 crore for supply of parts to Indian Railways. A formal purchase order would be received by the company in due course of time, it added. Analysts will follow the stock closely on the development. Omax Autos posted a net profit of ₹4.61 crore on revenues of ₹262.22 crore.