FIIs & DIIs collectively bought 35,74,494 shares of this multibagger railway wagons company via QIP with Rs 28,212 crore order book; do you own it?

The stock gave multibagger returns of 145 per cent in just 6 months, 400 per cent in 1 year and a whopping 1,770 per cent returns in 3 years.

Titagarh Rail Systems (TRSL) announced that they successfully raised Rs 700 crore by issuing 75,02,679 new shares to qualified institutional buyers (QIBs). These shares were priced at Rs. 933 each, representing a premium of Rs. 931 per share. Notably, this price reflects a slight discount of Rs. 43.10 (4.42 per cent) from the initial floor price set by SEBI regulations. The company plans to use the funds for debt repayment, working capital, and general corporate purposes. This successful QIP offering demonstrates investor confidence in TRSL's future and its position as a leading railway rolling stock manufacturer.

Foreign Institutional Investors (FIIs) & Domestic Institutional Investors (DIIs) bought collectively 35,74,494 shares via QIP. Here mentioned in the image below:

On Thursday, shares of Titagarh Rail Systems Ltd (TRSL) plunged 1.20 per cent to Rs 1,008 per share with an intraday high of Rs 1,033.15 and an intraday low of Rs 1,005.15. The stock’s 52-week high is Rs 1,073.65 and its 52-week low is Rs 182.

Demonstrating its commitment to both national defence and urban mobility, Titagarh Rail Systems (TRSL) recently marked two major milestones. Firstly, they launched the second of five Diving Support Crafts (DSCs) for the Indian Navy, bolstering underwater operations and training under the Make in India initiative. These catamaran-powered vessels, equipped with indigenous diving equipment, will serve as crucial assets for Command Clearance Diving Teams.

Additionally, TRSL signed a significant contract with Gujarat Metro Rail Corporation Ltd (GMRC) to design, manufacture, and supply 30 metro cars for the Ahmedabad Metro Rail Phase-II project, valued at Rs 350 crore. This project, with a total cost of Rs 13,500 crore, will expand Ahmedabad's metro network by 28.2 km, further solidifying TRSL's presence in the urban rail sector. These developments showcase the company's ability to contribute to national security while actively participating in the development of India's infrastructure.

Order Book: The order book stands at Rs 28,212 crore as of September 30, 2023 (Passenger Rolling Stocks orders amounting to Rs 13,870 crore and Freight Rolling Stocks orders amounting to Rs 14,342 crore).

According to the Quarterly Results, the net sales increased by 54.08 per cent to Rs 935.45 crore, operating profit increased by 70.87 per cent to Rs 121.86 crore and net profit increased by 52.38 per cent to Rs 71.08 crore in Q2FY24 compared to Q2FY23.

In FY23, net sales increased by 44 per cent to Rs 2,780 crore compared to FY22. The company reported a net profit of Rs 126 crore in FY23, compared to a net loss of Rs 1 crore in FY22. In the September quarter, FIIs bought 1,29,93,562 shares or 9.8 per cent stake in the company.

 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 stock gave multibagger returns of 145 per cent in just 6 months, 400 per cent in 1 year and a whopping 1,770 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.