Titagarh Rail hits new high on positive outlook; stock up 379% in a year
Shares of Titagarh Rail Systems (TRSL) (formerly Titagarh Wagons) rallied 6 per cent to hit a new high of Rs 449.95 in Monday’s intra-day trade.
In the past two trading days, the stock of India’s largest wagon manufacturer has surged 8 per cent after the consortium of TRSL and Ramkrishna Forgings (RK Forgings) won contract to supply 1.54 million forged wheels under Atmanirbhar Bharat initiative by Ministry of Railways.
With the two-day gain, the stock of TRSL has zoomed 379 per cent in a year, as against 23 per cent rise in the S&P BSE Sensex, during the same period.
