Multibagger stock: Shares of this small-cap company catering to Indian Railways hits all time high
Shares of the company jumped more than10 per cent in the morning trade.
The government of India has been investing heavily in Indian Railways, and companies such as Titagarh Wagons Limited are getting huge business opportunities. The company recently got orders from a consortium of Titagarh Wagons Limited and Bharat Heavy Electricals Limited for the manufacturing and supply of 80 sleeper-class Vande Bharat trainsets. The order has been given at a rate of Rs 120 crore per trainset giving Titagarh Wagon an order of Rs 9,600 crore.
Today, the shares of Titagarh Wagons Limited made a new all-time high gaining more than 10 per cent in the morning trade. Titagarh Wagons Limited has delivered multibagger returns to its shareholders in just one year. During this period, the company’s share price jumped from Rs 113.55 on April 20, 2022, to Rs 302.40 on April 20, 2023, an increase of 166 per cent.
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 304.45, with a high and low of Rs 332.55 and Rs 301.35. Currently, the stock is trading at Rs 330.05, up by 9.93 per cent over its previous close of Rs 300.25.
The stock has a 52-week high of Rs 332.55 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 3,921 crore.