Titagarh Rail Systems surges on securing LoA from NCC
Titagarh Rail Systems is currently trading at Rs. 855.45, up by 18.40 points or 2.20% from its previous closing of Rs. 837.05 on the BSE.
The scrip opened at Rs. 854.95 and has touched a high and low of Rs. 856.00 and Rs. 845.20 respectively. So far 14849 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 1566.95 on 02-Aug-2024 and a 52 week low of Rs. 655.30 on 04-Mar-2025.
Last one week high and low of the scrip stood at Rs. 900.00 and Rs. 822.60 respectively. The current market cap of the company is Rs. 11272.87 crore.
The promoters holding in the company stood at 40.46%, while Institutions and Non-Institutions held 21.18% and 38.36% respectively.
Titagarh Rail Systems has received Letter of Acceptance (LoA) from NCC for ‘Design, Manufacture, Supply, Installation, Integration, Testing and Commissioning of Rolling Stock (18 trains of 6 cars each to taking to 108 metro coaches) including 5 years of Comprehensive Maintenance after 2 years of Defect Liability Maintenance Period of Line 6 [Swami Samarth Nagar to Vikhroli (EEH)] of Mumbai Metro Rail Project of Mumbai Metropolitan Region Development Authority (MMRDA). The order value is about Rs 1598.55 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.
