Titagarh Rail Systems jumps on getting LOA worth Rs 350 crore
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Titagarh Railsystems is currently trading at Rs. 746.00, up by 15.15 points or 2.07% from its previous closing of Rs. 730.85 on the BSE.
The scrip opened at Rs. 736.05 and has touched a high and low of Rs. 758.55 and Rs. 727.40 respectively. So far 52475 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 827.95 on 25-Aug-2023 and a 52 week low of Rs. 136.45 on 28-Sep-2022.
Last one week high and low of the scrip stood at Rs. 827.95 and Rs. 706.55 respectively. The current market cap of the company is Rs. 9423.38 crore.
The promoters holding in the company stood at 47.82%, while Institutions and Non-Institutions held 16.74 % and 35.44% respectively.
Titagarh Rail Systems has received Letter of Acceptance (LOA) on August 29, 2023 from the Gujarat Metro Rail Corporation (GMRC) for Design, Manufacture, Supply, Testing, Commissioning and Training of 30 nos. of Standard Gauge Cars for Ahmedabad Metro Rail Phase-II Project. The order value is around Rs 350 crore.
Titagarh Rail Systems is formerly known as Titagarh Wagons. The Company is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Steel Castings, Specialised Equipments & Bridges, Ships, Heavy Earthmoving and Mining Equipments, etc.
