Titagarh Rail Systems Ltd. Stocks Shine After 1330% Return in 3 Years!

The stock has witnessed a significant surge in traction over the past year, delivering impressive multibagger returns exceeding 400%. 

On Wednesday, the share of Titagarh Rail Systems Limited witnessed heavy buying as the share hit a new 52-week high of Rs 529.20 per share on BSE. The scrip witnessed a massive spurt in volume by more than 1.51 times. The flagship index of the Indian stock market, the Sensex, is on a good trend, with a remarkable gain of 0.25%. Simultaneously, the highly regarded Nifty index begins the trading morning on a positive note, with a 0.26% increase.

Renowned Kolkata-based Titagarh Rail Systems Limited, formerly known as Titagarh Wagons Limited, has emerged victorious in securing a prestigious contract. Sources from the Gujarat Metro Rail Corporation (GMRC) confirm that the company has been entrusted with the responsibility of supplying 24 Metro trains for Phase I of the Surat Metro project, with a contract value amounting to Rs 866 crore. 

 Notably, Titagarh Rail Systems Limited, which previously collaborated with Bharat Heavy Electricals Limited (BHEL) for manufacturing Vande Bharat trains, stood as the sole bidder in GMRC’s tender for the supply of 24 Metro train sets (comprising a total of 72 Metro cars) for the ambitious Surat Metro Phase 1, scheduled for commissioning by December 2024. 

Under the aegis of the 50:50 joint venture between the Government of Gujarat and the Union government, the esteemed entity Titagarh Wagons has secured a notable contract. In this agreement, Titagarh Wagons will supply coaches for the Surat Metro project at a rate of Rs 12.02 crore per coach, which includes necessary spares. It’s important to note that the aforementioned cost does not encompass taxes, as confirmed by sources within the Gujarat Metro Rail Corporation (GMRC). 

Established in 1997, Titagarh Wagons Limited operates as a prominent manufacturing entity involved in the production and distribution of a wide range of transportation-related products. Its diverse portfolio encompasses freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, bridges, ships, and more. 

With a strong focus on both domestic and international markets, the company caters to a broad customer base, showcasing its commitment to delivering high-quality solutions in the transportation industry. 

This small-cap railway stock has witnessed a significant surge in traction over the past year, delivering impressive multibagger returns exceeding 400%. Moreover, its performance for the last three years has been nothing short of extraordinary, with multibagger returns surpassing a remarkable 1330%. 

Investors should keep a close eye on this stock, as its potential for further growth and profitability appears promising.