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Titagarh Rail System Shares: Over the past few years, the stock of Titagarh Rail Systems Limited, a railway company, has given multibagger stock returns to its investors. However, even now there is a bullish trend going on in this stock. Just last Friday, the stock hit an all-time high in the business. During trading on BSE, the stock price rose 3.6 percent to Rs. 827.95. The stock has gained 21 percent in the last five trading sessions.
Three years return
Let us tell you that the stock of Titagarh Rail System Limited, a railway wagon maker, has returned more than 1,600 percent to investors in the last three years. Three years ago invested in shares of the company Rs. 1 lakh amount today Rs. 16 lakhs would have turned into. The stock has gained 258 percent on a year-to-date basis, while it has gained over 421.47 percent in the last one-year period.
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Growing business of the company
According to market experts, the Union Cabinet has decided to spend around Rs. Most railway stocks are trading higher after approval of expansion projects worth Rs 32,000 crore. In early June, Titagarh Rail Systems received a Rs. 100,000 from Gujarat Metro Rail Corporation for the design, manufacture, supply, testing, commissioning and training of 72 standard gauge cars for the Surat Metro Rail Phase-I project. 857 crore orders were received.
Antique Stock Broking reports that Titagarh Rail Systems has set up a manufacturing setup. In the next five years it will be Rs. Has the potential to grow to a turnover of 9,000-10,000 crores.
Company in profit
In the June quarter of this financial year, the company posted Rs. 61.77 crores profit has been made. In the first quarter of last financial year, it made Rs. 6.46 lakhs was recorded as a loss. Total revenue more than doubled in April-June period to Rs. 914.64 crore which in the year-ago period was Rs. 440.78 crores.
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A must for experienced investors
Akash Bhaisli holds 1.02 percent stake in the company till July 2023. As per the shareholding pattern, 44.97 per cent holding of the company is held by the promoters and group of promoters and 55.03 per cent by the public.