Titagarh Rail posted a decline in revenue and profit for FY26, as wheelset availability constraints weighed on wagon production, analysts at Nuvama said
Titagarh Rail bagged a ₹2,481-crore order from the Mumbai Metropolitan Region Development Authority (MMRDA) for Mumbai Metro Line 5
The Mumbai Railway Vikas Corporation (MRVC) has invited bids for 2,856 air-conditioned coaches for the suburban rail network under the 'Vande Metro' initiative, a contract valued at nearly ₹21,000 cr.
Around 10:30 AM, Titagarh Rail Systems share price was trading 1.55 per cent higher at ₹850. In comparison, BSE Sensex was trading 0.22 per cent higher at 80,781 levels.
PSU railway stocks trade at several times book value (net worth) and at very rich price-earnings (P/E) multiples, the Kotak report said
Stocks to Buy Today, May 28: Cholamandalam Investment stock has formed a bullish 'cup and handle pattern' near the all-time high zones, suggesting upside
FM Sitharaman - in Union Budget speech - unveiled a slew of measures to open Indian maritime economy, including ₹25,000-crore maritime development fund, tax breaks, and new shipbuilding subsidy policy
Titagarh Rail Systems has informed the exchanges about the formation of new verticals under the names Ship Building and Maritime Systems (SMS) and Safety and Signaling Systems (SSS)
RVNL, Bharat Dynamics, Hitachi Energy India, Siemens, ABB India, Titagarh Rail Systems, CG Power and Industrial Solutions, Bharat Electronics and L&T down in the range of 5 per cent to 10 per cent.
Recently, Chennai Petroleum has formed a double-bottom pattern following a steep decline of 650 points, representing a 54 per cent price cut
Key projects, including the PLI scheme for train parts, Gati Shakti inclusion, redevelopment of railway stations, and the multitracking project, are opening unparalleled possibilities for the sector
The fall in the share price came after the company reported a weak set of numbers on the operations front.
Stocks to Watch today, Wednesday, July 24, 2024: HUL reported a 2.2 per cent Y-o-Y rise in consolidated net profit at Rs 2,610 crore for Q1FY25, in line with market expectations
Ramkrishna Forgings surged 8% to Rs 968.95 and TRSL soared 7% to Rs 1,689.95 in the intraday trade today
A combined 7.9 million equity shares representing 5.9 per cent of total equity of the company have changed hands on the NSE and BSE till 02:49 PM.
Titagarh Rail has been in a medium term uptrend. After a sharp run up the stock has been consolidating in a range and has formed a Triangle pattern on the hourly time frame chart.
Titagarh Rail Systems Revenue saw an 8 per cent year on year (YoY) uptick, reaching Rs 1,052.4 crore in Q4FY24 compared to Rs 974.2 crore in Q4FY23
At 6:40 AM, GIFT Nifty futures were up by 90 points, trading at 22,377.50 levels compared to Nifty50 futures, indicating a gap-up opening for the stock exchanges
Titagarh Rail Systems Ltd (TRSL) on Monday said its profit after tax in December quarter rose 91.3 per cent to Rs 75.03 crore. The company had posted a PAT of Rs 39.22 crore in the year-ago period, TRSL said in a filing to BSE. Net revenues during the third quarter increased to Rs 954.68 crore from Rs 766.4 crore in the year-ago period. "The company's robust performance in Q3 FY24 is a reflection of our sustained operational momentum. On a year-over-year basis, the freight rolling stocks/passenger rolling stocks recorded substantial growth. "The government's unwavering emphasis on the building of world-class rail infrastructure in India makes us enthusiastic about higher and sustained growth in the upcoming quarters," TRSL Vice Chairman and Managing Director Umesh Chowdhary said. TRSL offers mobility solutions with its presence in both the passenger and freight rail systems including railway wagons, components, passenger coaches and metro coaches.
Titagarh Rail said the partnership, aligned with the Indian government's "Make in India" and "Atmanirbhar Bharat" (self-reliant India) initiatives, has already had an early success