Titagarh Rail Systems Ltd (TITAGARH)

Titagarh Rail Begins Export of Traction Converters; Shares Surge - 24 Jul, 2024

Titagarh Rail Systems has started exporting traction converters, with the first batch shipped to Titagarh Firema in Italy. The company obtained a Rs 65 crore order from Titagarh Firema and aims to ship two train sets each month to fulfil it. Analysts predict continued focus on rail capex will benefit the company. Shares surged up to 4% following the news.

Titagarh Rail Systems Stock Falls After Union Budget Announcement - 23 Jul, 2024

Titagarh Rail Systems stock falls along with other capital goods stocks following the announcement of an unchanged capex in the Union Budget. However, potential defence budget enhancements may lead to increased orders for specialised vehicles, boosting overall growth.

Titagarh Rail Systems Among Railway Stocks in Focus Ahead of Union Budget 2024 - 22 Jul, 2024

Investors are looking forward to Union Budget 2024, with railway stocks like Titagarh Rail Systems Ltd expected to be in the spotlight. Mehta Securities believes there is further potential for these stocks due to robust order books and improving earnings quality.

Titagarh Rail's Joint Venture Nears Financial Closure - 19 Jul, 2024

Ramkrishna Titagarh Rail Wheels Ltd (RTRWL), a joint venture between Titagarh Rail Systems and Ramkrishna Forgings, is close to achieving financial closure for its Rs 2,180-crore forged wheels project.

Titagarh Rail Systems Sees Positive Developments - 16 Jul, 2024

Titagarh Rail Systems sees positive developments as JM Financial includes it in its top stock picks ahead of the budget, while mutual funds buy shares worth Rs 430 crore and the company wins a contract to manufacture forged wheels for Indian Railways.

Titagarh Rail Systems Stock Continues Losing Streak - 15 Jul, 2024

Shares of Titagarh Rail Systems Ltd have fallen for the sixth consecutive session, down 13.41% from its all-time high on June 27. BSE and NSE have put the securities under short-term ASM framework. Fund manager Hemant Shah advises against fresh entry due to high valuations, but those holding can continue with their positions. The stock has a P/E ratio of 76.55 and P/B value of 10.20.

RVNL's Growth Potential Positive for Titagarh Rail Systems - 11 Jul, 2024

RVNL's growth potential in building new railway stations, metros, wagons, and upgrading facilities has led to a surge in its order book from Rs 50,000 crore to Rs 1 lakh crore. This positive outlook bodes well for companies like Titagarh Rail Systems Ltd that are involved in the rail industry.

Titagarh Rail Systems Explores Export Market - 09 Jul, 2024

Titagarh Rail Systems, India's largest freight wagon manufacturer, is looking to expand its presence in the passenger segment abroad by exploring the export market. The focus is on exporting Make in India products worldwide amidst growing global calls to diversify beyond China.

Titagarh Rail Systems Sees Investment and Target Price Upgrade - 08 Jul, 2024

BlackRock Global Funds and BlackRock Global Emerging Markets Inc. have bought stakes in Titagarh Rail Systems Limited worth over Rs. 500 crores. Meanwhile, HSBC Global Research has raised its target price for Titagarh Wagons to Rs 2,000 from Rs 1,200, citing significant order prospects and much work at hand for the major players.

Antique Stock Broking Recommends Titagarh Rail Systems as Top Pick - 04 Jul, 2024

Antique Stock Broking expects a 12% YoY growth in revenue for its coverage universe, with wagon manufacturers like Titagarh and Jupiter Wagons expected to report YoY expansion. The firm suggests Titagarh Rail Systems as its top stock pick.

Titagarh Rail Systems Plans Investment for Growth - 03 Jul, 2024

Titagarh Rail Systems plans to invest nearly ₹900 crore in the next few years to expand its passenger and freight businesses. The company is also expected to see robust growth rates of 29.9% and 24.2% in earnings and revenue, respectively.

Titagarh Rail Systems Ltd Shows Strong Upside Potential - 30 Jun, 2024

According to Kunal Shah, Senior Technical & Derivative Analyst at LKP Securities, Titagarh Rail Systems Ltd has strong upside potential with momentum continuing to be robust. The stock is likely to touch the Rs 2,000 mark in the near term, with dips being utilized to initiate fresh positions.

Titagarh Rail Systems Demonstrates Robust Growth Amidst Challenges - 28 Jun, 2024

Titagarh Rail Systems has demonstrated robust growth with its earnings increasing by 107.3% over the past year and expected revenue growth of 24.2% annually. The company inaugurated a new engineering center to enhance innovation amidst challenges like shareholder dilution.

BlackRock Buys Stake in Titagarh Rail Systems; Stock Hits All-Time High - 27 Jun, 2024

BlackRock has acquired a significant stake in Titagarh Rail Systems through block deals, leading to a surge in share prices and hitting an all-time high. The company's robust growth and recent initiatives have contributed to its success, with earnings growth forecasted significantly above market average.

Titagarh Rail Systems Receives Positive Rating Upgrades and Expands Production Capacity - 26 Jun, 2024

Titagarh Rail Systems receives positive rating upgrades from CRISIL Ratings and expands its production capacity to manufacture 800-850 train coaches annually. Promoter Rashmi Chowdhary also sold a stake worth Rs 438 crore.