Money doubled in a year, now this part of the railway is ready to become a rocket again.

Stocks to buy: The railway stock, Titagarh Rail Systems Ltd (Titagarh Railshare), which is giving multi-bagger profit in a year, is expected to grow strongly in the future. The company has received an order from the Ministry of Defense for the manufacture and supply of 250 special wagons. The total value of this order is Rs 170 crore. The contract will start 12 months after signing and will be completed in 36 months. After this order received from the Ministry of Defence, action can be seen in Titagarh Railway shares. Shares of Titagarh Rail Systems closed at Rs 953.70 (Titagarh Rail Share Price) in the last trading session i.e. Friday, up 0.53%.

Titagarh Rail System Ltd’s net profit rose 91.3% to Rs 75.03 crore in the third quarter of the current financial year 2023-24. The company’s profit in the same quarter of last financial year 2022-23 was Rs 39.22 crore. Similarly, net income rose to Rs 954.68 crore in the third quarter. It was Rs 766.4 crore in the same period in 2022.

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An agreement was also reached with Amber Group.
Last month, Titagarh Rail System had joined hands with Delhi’s Amber Group to enter the railway components and subsystems business. Both companies have built a special purpose vehicle for components and subsystems business. It aims to expand the company’s presence in the Indian and European markets.

According to a report by CNBC-TV18, Titagarh Rail Systems Vice President and Managing Director Umesh Chaudhary says the partnership is designed to create new opportunities in Europe. The focus will be on the manufacturing of subsystems and train interiors in India and the European Union (EU).

Money doubles in a year.
Shares of Titagarh Rail System have doubled investors’ money in a year. A year ago, this multi-beagger stock has seen a gain of 104 percent and has risen from Rs 477 to Rs 953.70 on the NSE.

The stock has returned nearly 50 percent in the last six months. However, the share of the Titagarh rail system has fallen by around 10% in the last one month. The company has a market cap of Rs 12,881 crore. This railway stock has a 52-week low of Rs.432.90 and a 52-week high of Rs.1,248.90.

(Disclaimer: The information given here is based on share performance. As investing in stock market is subject to market risk, please consult a certified investment advisor before investing. News 18 Hindi becomes responsible for any damages you incur.)

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