Frontier Springs Ltd.'s share price rose over 7% after the company announced it won orders worth Rs 92.6 crore from Rail Coach Factory, Kapurthala, and Modern Coach Factory, Raebareli. The orders are for air springs assembly and is expected to be executed over the coming quarters.
Frontier Springs specialises in high-quality springs and suspension components. The company serves various sectors with a strong focus on the railway industry.
The company was established in 1981 and is headquartered in Kanpur. With over four decades of experience, the company specialises in manufacturing high-quality springs and suspension components. The company is a long time supplier to Indian Railways and other sectors.
Frontier Springs Share Price Today
The scrip rose as much as 7.64% to Rs 3,815 apiece. It pared gains to trade 7.41% higher at Rs 3,806.90 apiece, as of 09:44 a.m. This compares to a 0.28% decline in the NSE Nifty 50.
It has risen 143.60% in the last 12 months. Total traded volume so far in the day stood at 1.9 times its 30-day average. The relative strength index was at 78.
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