Rs 9,600 crore order: This small-cap company wins a mega tender of Indian Railways for manufacturing Trainsets!
Shares of the company have gained more than 80 per cent in the last six months.
On 11th April 2023, Titagarh Wagons Limited informed in the exchange filling that the consortium of Titagarh Wagons Limited and Bharat Heavy Electricals Limited has been awarded an order for 80 Vande Bharat trainsets in the mega tender of Indian Railways.
The order involves manufacturing and supply of 80 sleeper class Vande Bharat trainsets and comprehensive maintenance of the same for 35 years. The order has been given to supply 80 Trainsets at the rate of Rs 120 crores per trainset (Rs 9,600 crore).
Titagarh Wagons Limited has delivered multibagger returns to its shareholders in last one year. During this period, the company’s share price jumped from Rs 103.95 on April 12, 2022, to Rs 293.05 on April 12, 2023, an increase of 178 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 Equipment and Bridges, Ships, etc.
Today, the stock opened at Rs 310, with a high and low of Rs 310 and Rs 291.50. The stock previously closed at Rs 287.95. Currently, the stock is trading at Rs 292.65, up by 1.63 per cent. The stock has a 52-week high of Rs 310 and a 52-week low of Rs 93.35. The company has a ROCE of 7.67 per cent with a market capitalisation of Rs 3,498 crore.