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Antique Stock Broking initiates buy on Transrail Lighting

Antique said Transrail Lighting has ₹160 billion in its order book, giving more than two years of revenue visibility.

Reported · Written up by our desk · Sectors

Domestic brokerage Antique Stock Broking initiated coverage on Transrail Lighting with a bullish view, even as the shares have fallen into the bear zone. The stock has lost 13.5% of its value in 2026, and it reached a record low last month, according to the report.

Antique tied its outlook to what it described as a multi year power transmission and distribution investment cycle. The brokerage pointed to rising renewable capacity, higher power demand, grid modernization, and the need for high voltage transmission infrastructure.

The brokerage said Transrail Lighting is positioned to benefit from the demand shift, citing its execution capabilities, established presence across domestic and international markets, and a robust order book of ₹160 billion. It said that order book, including L1, provides more than two years of revenue visibility.

Antique also highlighted steady order inflows, stating they stood at ₹85 billion, as it underscored the company’s growth phase.

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