This S&P BSE Smallcap stock has been on an uptrend since July 2021, rising 875% since. It rose 5% within the first hour of markets opening on Thursday after it said in its filing that it has received an order from Gujarat Metro Rail Corporation Ltd (“GMRCL”).

The stock’s volumes have been more or less stable on weekly and monthly average time frames. The stock trades currently at 12% above its 20 day moving average and 124% above its 200 day moving average.

(“Titagarh”) has a market cap of Rs. 9920 crore and is also a multibagger in the last 3 month period itself. The stock’s returns over the last 3 month period was 121%. It has returned 249% YTD and 355% in the last 1 year period. The stock has returned a whopping 1,666% in the last 3 year period. Meaning, if you invested Rs. 1 lakh into Titagarh Rail about 3 years ago, it would now be worth Rs. 16.7 lakh!

Titagarh Rail said in a filing dated August 30th 2023, that it has received an order worth Rs. 350 crore from GMRCL for Design, Manufacture, Supply, Testing, Commissioning and Training of 30 nos. of Standard Gauge

Cars for Ahmedabad Metro Rail Phase-II Project. The prototype has to be delivered within 70 weeks from LOA and delivery completion is 94 weeks from Letter of Acceptance.

Titagarh Rail Systems Limited manufactures and sells freight wagons, passenger coaches, and metro trains in India and internationally. The company’s top line has seen considerable growth of 158% in the last 3 years, and profits increasing 250% with an ROE currently of 17%. Titagarh’s shareholding has been stable for the last 4 quarters with promoter holding at 48% and unpledged; FIIs & DIIs hold 17% and the rest are public float with no short interest.

Source Link: https://tradebrains.in/features/railway-stock-jumps-5-after-company-receives-order-worth-350-cr-from-gujurat-metro-rail-corporation/