Titagarh Rail up 12%, hits record high on pact with ABB for metro projects
Shares of Titagarh Rail Systems hit a new high of Rs 1,045 as they surged 12 per cent on the BSE in Tuesday’s intraday trade on the back of heavy volumes, after the company and ABB formed a strategic partnership to supply propulsion systems for metro rolling stock projects in India.
In the past three trading days, the stock of the railway wagons company has rallied 25 per cent. Further, thus far in the current calendar year 2023, the stock has zoomed nearly 370 per cent as compared to 7.7 per cent rise in the S&P BSE Sensex.
