Heavy Buying Railway Stock Gains Over 2,760 per cent in Just 3 Years Hits 52-Week High Today, Blackrock Global Bought 21,73,181 Shares!
The company’s shares have delivered impressive multibagger returns of over 260 per cent in just 1 year.
Titagarh Rail Systems Ltd, incorporated in 1997, is primarily engaged in manufacturing and selling freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, bridges, ships, etc. The company caters to both domestic and export markets. Today the company saw a significant spike in both the share price and volumes in today.
At the start of the day's trading session, the share of Titagarh Rail Systems Ltd opened at Rs 1808 per share, compared to the previous day's closing figure of Rs 1766.90 per share on the BSE. Currently, the shares are at Rs 1874.75 per share on the BSE. The stock has attracted a heavy volume today, reflecting strong demand in the market. The current market capitalization of Titagarh Rail Systems Ltd stands at Rs 25,246 crore, and the stock has generated an impressive multibagger return of around 270 per cent in just 1 year.
On June 26, 2024, transactions were reported involving Blackrock Global Funds and Bnp Paribas Financial Markets. Blackrock Global Funds bought 21,73,181 units while Rashmi Chowdhary sold an equivalent number of units. Similarly, Bnp Paribas Financial Markets bought 5,20,294 units, with Rashmi Chowdhary again reported as the seller for the same number of units.
Financial Performance
As per the Quarterly Results, in the fourth quarter of FY24, Titagarh Rail Systems Ltd recorded a revenue of Rs 1052 crore. The operating profit for Q4 FY24 stood at Rs 118 crore. The net profit for Q4 FY24 was Rs 79 crore. Looking at the annual performance, the company generated a revenue of Rs 3853 crore in FY24, compared to Rs 2780 crore in FY23. The operating profit for FY24 was Rs 449 crore, with a net profit of Rs 286 crore.
Regarding the shareholding pattern, the promoters own 42.46 per cent of the company and the public or retail investors hold 26.53 per cent. FIIs and DIIs hold 17.27 per cent and 13.72 per cent respectively.
Investors must keep this Small-Cap stock on their radar.
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Disclaimer: The article is for informational purposes only and not investment advice.