Titagarh Wagons gains on order win from Indian Navy

The stock up 4% at Rs 119 after the company has received an order for construction of two fuel barges for the Indian Navy in its recently added "Shipbuilding" vertical.

Titagarh Wagons was up 4% at Rs 119 on the BSE, after the company said it has received an order for construction of two fuel barges for the Indian Navy in its recently added "Ship-building" vertical.

"The company has been accredited with registration by the Ministry of Defence (Navy), Directorate of Ship Production for undertaking construction of "Non-Weapon Platforms upto 120 m length" and "All types of Yardcraft" vide communication dated December 07, 2016 issued by the said authority," company said in press release.

The stock hit an intra-day high of Rs 120 on the BSE so far. A combined 1.19 million shares changed hands on the counter on the BSE and NSE till 10:28 am.