Multibagger stock under Rs 250: This company emerges as the L2 bidder for manufacturing Vande Bharat Trainsets
Shares of the company have gained more than 28 per cent in the last six months.
On March 2, 2023, Titagarh Wagons Limited in the exchange filling informed that the consortium of Titagarh Wagons Limited and Bharat Electricals Limited (TWL-BHEL Consortium) emerged as the 2nd Lowest Bidder (L2) for manufacturing cum maintenance of vande bharat trainsets including up-gradation of the government manufacturing units and trainset depots. The total quantity is 200 Trainsets and as per tender conditions, L2 is eligible to get 80 Trainsets. The quote of the L1 bidder is Rs 120 crore per Trainset.
Titagarh Wagons Limited has delivered multibagger returns to its shareholders. During this period, the company’s share price jumped from Rs 85.50 on March 4, 2022, to Rs 219.25 on March 3, 2023, an increase of 156 per cent in one year holding period.
Titagarh Wagons Limited is mainly engaged in the manufacturing and selling of Freight Wagons, Passenger Coaches, Metro Trains, Train Electricals, Steel Castings, Specialised Equipments and Bridges, Ships, etc.
Today, the stock opened at Rs 225, with a high and low of Rs 226 and Rs 217.10. The stock previously closed at Rs 220.85. It closed trading at Rs 219.35, down by 0.68 per cent.
The stock has a 52-week high of Rs 323.95 and a 52-week low of Rs 202.85. The company has a ROCE of 21.2 per cent and an ROE of 16.4 per cent with a market capitalisation of Rs 7,413 crore.