Rs 14,750 crore order book & 52-week high alert: Heavy buying in this multibagger railway wagons stock with a spurt in volume by more than 12 times
The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 2,600 per cent returns in 3 years.
Today, shares of Titagarh Rail Systems Ltd (Formerly Titagarh Wagons Limited) surged 12.2 per cent to Rs 1,815.05 per share from its previous closing of Rs 1,618.15. At the closing bell, shares of the company were trading at Rs 1,766.90 per share, up 9.19 per cent with a spurt in volume by more than 11.6 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 23,000 crore.
According to the Quarterly Results, the net sales increased by 8 per cent to Rs 1,052.41 crore, operating profit increased by 31.5 per cent to Rs 134.75 crore and net profit increased by 56.3 per cent to Rs 81.16 crore in Q4FY24 compared to Q4FY23.
In its annual results, the net sales increased by 38.6 per cent to Rs 3,853.30 crore, operating profit increased by 60.7 per cent to Rs 491.74 crore and net profit increased by 108.6 per cent to Rs 288.75 crore in FY24 compared to FY23.
Also Read: Ashish Kacholia bought 28,28,585 shares & Promoter bought 2,75,86,206 shares of this multibagger wind-power company with 2,656-MW order book
Order Book: The order book stands at Rs 14,750 crore as of March 31, 2023 (Passenger Rolling Stocks orders amounting to Rs 6,750 crore and Freight Rolling Stocks orders amounting to Rs 8,000 crore).
Earlier, despite initial delays in a December 2019 contract between BMRCL and CRRC Nanjing Puzhen for supplying trainsets to Bangalore's Yellow Line, Titagarh Rail Systems (TRSL), a leading Indian manufacturer, stepped in. Through a Memorandum of Understanding, CRRC partnered with TRSL, who began producing 34 of the 36 trainsets at their Uttarpara facility, with only 2 coming from China. Committed to meeting project specifications, TRSL established a dedicated stainless steel production line and commenced manufacturing on May 18th, 2024, targeting an August 2024 delivery for the first trainset. This 21-kilometer Yellow Line, stretching from RV Road to Bommasandra, is a critical metro corridor designed to improve Bengaluru's connectivity and traffic flow. Titagarh's involvement underscores their dedication to national infrastructure projects with dependable transportation solutions. Their diverse manufacturing capabilities solidify their leadership in the rail industry, while their past investments in advanced production technologies and focus on quality and innovation continue to fuel their success and contributions to India's infrastructure development.
The promoters of the company sold a 5.37 per cent stake in the company and decreased their stake to 42.46 per cent in March 2024 compared to 47.82 per cent in March 2023. The stock gave multibagger returns of 260 per cent in just 1 year and a whopping 2,600 per cent returns in 3 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.
DSIJ’s 'Tiny Treasure' service recommends researched small-cap stocks with Inherent Growth Potential. If this interests you, do download the service details here.
Related articles
-
From 52-week low to 52-week high in just 140 days: Multibagger solar pumps manufacturing stock hit 20 per cent upper circuit; Here’s why!
-
Rs 38,389 crore order book: After IREDA, this Debt-free multibagger warship and submarine builders company receives ‘Navratna’ Status; Hit 52-week high!
-
Multibagger penny stock at Rs 74.50 hit a fresh new 52-week high with heavy volume; PAT zooms over 40,000 per cent in FY24
-
Ashish Kacholia’s portfolio stock hit upper circuit & 52-week high as the company strengthens its portfolio with acquisitions of Starmangalsutra and Sparkling Chains
-
Rs 22,000 crore order book: This multibagger shipbuilding & repair company will be participating in Phillipcapial’s Jewels of Bharat PSU Investor Conference 2.0
-
Rs 11,697 crore order book & 52-week high: Heavy buying in this multibagger civil construction stock; Scrip saw a spurt in volume by more than 2 times on BSE
-
Double Dhamaka Coming Soon! Multibagger civil construction company’s Board is likely to announce bonus shares & stock split; Scrip hit 52-week high!
-
Rs 75,934 crore order book: Heavy buying multibagger Navaratna DPSU stock – Gains 1,29,000 per cent since 1999; Company bags new order worth Rs 1,150 crore from MoD
-
Rs 4,75,800 crore order book: LIC-backed multibagger civil construction stock made a fresh 52-week high; Spurt in volume by more than 5 times on BSE
-
Rs 14,750 crore order book and Promoters sold 5.37 per cent stake: Heavy buying in this multibagger railway wagons stock; Hit fresh 52-week high!
-
Rs 50,00,00,000 project: Multibagger small-cap company receives approval letter from Gujarat Energy Transmission Corporation Ltd for solar power project!
-
Vijay Kedia’s portfolio multibagger stock with Rs 796 crore order book; Board announces stock split and 100 per cent dividend; scrip hit 52-week high
-
4,700 per cent returns: Only buyers in this multibagger stock, hit upper circuit & 52-week high; Company signs long-term agreement with Dassault Aviation!
-
Rs 2,250 crore order book & 52-week high alert: This multibagger pumps manufacturing company reports stellar Q3FY24 & 9MFY24 results; PAT zooms over 300 per cent!
-
4,765 per cent multibagger returns: Heavy buying multibagger NBFC stock; hit back-to-back upper circuit & 52-week high!
-
Heavy Buying: FIIs-backed multibagger penny stock under Rs 80 made an all-time high on January 19, rocketing 240 per cent from its 52-week low!
-
Heavy buying: Vijay Kedia bought additional 50,000 shares of this multibagger gems & jewellery stock; Ashish Kacholia owns 20,00,000 shares & scrip hit 52-week high!
-
Rs 70,000 crore order book and 600 per cent returns: This multibagger railway wagons company emerges as L1 bidder for order worth Rs 251,05,48,956 from M.P. Madhya Kshetra Vidyut Vitaran Co Ltd!
-
20,000 per cent returns & 897 MW order book: Board likely to announce stock split; stock trades at high ROE & high ROCE!
-
Dolly Khanna gains Rs 39,00,673 from this multibagger penny stock in just 1 day; scrip hit upper circuit & 52-week high!