This railway stock soared 14% today, hitting new high on heavy volumes

Shares of Titagarh Wagons (TWL) hit a new high of Rs 343.75, soaring 14 per cent on the BSE in Thursday’s intra-day trade, amid heavy volumes in an otherwise subdued market.

At 01:07 pm, the stock of the railway wagon maker was trading 11 per cent higher at Rs 332.50, as compared to 0.02 per cent decline in the S&P BSE Sensex. The average trading volumes on the counter jumped over three-fold today with a combined 6.3 million equity shares, representing 5.3 per cent of total equity of TWL, having changed hands on the NSE and BSE so far in trades.

In the past two months, the stock has zoomed 58 per cent after the company reported healthy year-on-year (YoY)