Rs 25,533 crore order book and FIIs & DIIs decrease stake: Heavy buying in this multibagger railway wagons stock; Jumps over 9 per cent on December 11
At the closing bell, shares of the company were trading at Rs 1,313.35 per share, up 6.65 per cent with a spurt in volume by more than 7.49 times on BSE.
On Wednesday, shares of Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited) jumped 9.40 per cent to an intraday high of Rs 1,347 per share from its previous closing of Rs 1,231.50. At the closing bell, shares of the company were trading at Rs 1,313.35 per share, up 6.65 per cent with a spurt in volume by more than 7.49 times on BSE.
Titagarh Rail Systems Ltd a leading railway wagon company in India, mainly manufactures and sells freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment and bridges, ships, etc. The company is also expanding its capacity and setting up component facilities in both operating segments. The company has a market cap of over Rs 17,000 crore.
According to the Quarterly Results, the net sales increased by 13 per cent to Rs 1,056.95 crore, operating profit increased by 15 per cent to Rs 140.13 crore and net profit increased by 19 per cent to Rs 84.84 crore in Q2FY25 compared to Q2FY24. In its half-yearly results, the net sales increased by 6 per cent to Rs 1,960 crore, operating profit increased by 10 per cent to Rs 254.25 crore and net profit increased by 18 per cent to Rs 156.20 crore in H1FY25 compared to H1FY24.
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Order Book: The order book stands at Rs 25,533 crore as of September 30, 2024. Where Rs 12,207 crore order book stands for the company and Rs 13,326 crore order book share from the joint venture. As of September 30, 2024, its order book consists of orders for 14,560 wagons and 1,592 Metro and Vande Bharat coaches.
In September 2024, FIIs & DIIs decreased their stake to 16.32 per cent and 13.94 per cent respectively compared to June 2024. The stock gave multibagger returns of 555 per cent in just 2 years and a whopping 3,100 per cent returns in 5 years. Investors should keep an eye on this small-cap stock.
Disclaimer: This article is for informational purposes only and not intended as investment advice.