Titagarh Rail Systems jumps on bagging order worth Rs 170 crore
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Titagarh Railsystems is currently trading at Rs. 1030.55, up by 74.05 points or 7.74% from its previous closing of Rs. 956.50 on the BSE.
The scrip opened at Rs. 1022.75 and has touched a high and low of Rs. 1037.55 and Rs. 1010.70 respectively. So far 11287 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1249.00 on 20-Jan-2024 and a 52 week low of Rs. 203.00 on 23-Feb-2023.
Last one week high and low of the scrip stood at Rs. 1037.55 and Rs. 902.85 respectively. The current market cap of the company is Rs. 12881.55 crore.
The promoters holding in the company stood at 42.46%, while Institutions and Non-Institutions held 32.32% and 25.21% respectively.
Titagarh Rail Systems has received an order from the Ministry of Defence, Government of India for Procurement of 250 Specialized Wagons. The order value is around Rs 170 crore. Execution of the contract is scheduled to start 12 months after the signing of the contract and is to be completed in 36 months thereafter.
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.
