Titagarh Rail Systems soars on signing contract with Gujarat Metro Rail Corporation
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Titagarh Railsystems is currently trading at Rs. 837.65, up by 42.65 points or 5.36% from its previous closing of Rs. 795.00 on the BSE.
The scrip opened at Rs. 808.15 and has touched a high and low of Rs. 866.00 and Rs. 800.00 respectively. So far 129288 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 867.00 on 18-Oct-2023 and a 52 week low of Rs. 148.30 on 02-Nov-2022.
Last one week high and low of the scrip stood at Rs. 867.00 and Rs. 773.45 respectively. The current market cap of the company is Rs. 10789.83 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 (TRSL) has signed a contract with Gujarat Metro Rail Corporation (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars valued at Rs 350 crore for Ahmedabad Metro Rail Phase-II Project. The Ahmedabad Metro Rail Phase-II Project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km of Metro lines to the city's existing network.
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.
