Titagarh Rail Systems Share Price Update
Latest developments: After the June quarter results, brokerage firms are advising to buy Titagarh Rail Systems shares. The target price has been raised from ₹1,475 to ₹1,988. Brokers suggest that the government and rolling stock are preparing to buy shares. Despite production being affected in the first quarter due to elections, the company is confident of delivering up to 1,000 wagons per month.
Order book: As of June 30, the order book for Titagarh Rail Systems stands at ₹14,117 crores. The company received orders worth ₹350 crores in the June quarter. Currently, the company has orders for 20,300 wagons, 1,592 metros, and Vande Bharat coaches.
Financial performance: In the first quarter, the company’s revenue decreased by 1% to ₹903 crores, while profit before tax decreased by 4.1% to ₹102 crores. Net profit decreased by 5.5% to ₹71.3 crores. Profit margin increased to 7.9%, and EBITDA margin decreased to 11.3%.
Share price: On Monday, August 5, the share price of Titagarh Rail Systems was trading at ₹1,405 with a 6.21% decline. The share closed at ₹1,571 on Thursday with a 3.5% decrease. On June 27, it reached a high of ₹1,896. The stock has provided returns of nearly 50% in the last 3 months, 51% year-to-date, 140% in the past year, and over 1100% in the last two years.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
