Rs 28,212 crore order book & FIIs bought 1,29,93,562: Heavy buying witnessed in this multibagger railway wagons stock; hit 52-week high!

The stock gave multibagger returns of 200 per cent in just 6 months, 480 per cent in 1 year and a whopping 2,100 per cent returns in 3 years.

On Friday, shares of Titagarh Rail Systems Ltd (TRSL) gained 135.75 points or 16.19 per cent to Rs 974.35 per share with an intraday high of Rs 994.95 and an intraday low of Rs 839.30. The stock also reached a new all-time high and a 52-week high of Rs 994.95 per share with a spurt in volume by 6.24 times on BSE.

Earlier, TRSL launched the second of five Diving Support Crafts (DSC) being built for the Indian Navy under the Make in India initiative. The DSCs are catamaran-type vessels equipped with indigenous diving equipment and will support the mission needs of Command Clearance Diving Teams (CCDTs) and serve as training platforms for the Indian Navy's diving cadre. TRSL is also considering raising funds by issuing equity shares or other securities.

Furthermore, the company signed a contract with Gujarat Metro Rail Corporation Ltd (GMRC) for the design, manufacture, supply, testing, commissioning and training of 30 standard gauge cars valued at Rs 350,00,00,000 for the Ahmedabad Metro Rail Phase-II Project. The Ahmedabad Metro Rail Phase-II Project is being implemented by GMRC at a cost of Rs 13,500 crore. The project will add 28.2 km of Metro lines to the city's existing network.

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 200 per cent in just 6 months, 480 per cent in 1 year and a whopping 2,100 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.