Titagarh Rail Systems' Shares Surge Over 4%

On September 15, Titagarh Rail's shares rose by more than 4%, driven by a strong growth outlook for the railway coach and wagon manufacturer.

HSBC Securities has recommended 'buying' the company's stock, raising the target price from ₹750 to ₹900 per share.

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Titagarh Rail's shares have shown a remarkable 64% increase so far this year, with further growth expected.

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Titagarh Rail due to a robust order backlog and increasing demand for railway wagons from the private sector.

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Brokerage firms predict a 2.8x surge in the company's profits for FY 23-26, with potential average equity returns of up to 20%.

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As of 2:15 PM on NSE, Titagarh Rail Systems' stock was trading at ₹765.70, up 2% from the previous day's closing price.

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Titagarh Rail Systems reported a revenue of ₹911 crore with a net profit of ₹62 crore, marking an annual growth of 110.87%.

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The company's operating profit margins for the current quarter increased by 300 basis points annually, reaching 12%.

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Titagarh Rail Systems is a leading manufacturer of railway coaches, wagons, and related components.

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Titagarh Rail Systems' stock has seen a remarkable 386.40% increase, with a 52-week high of ₹867.70 and a low of ₹135.80.

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