Shares of Titagarh Rail Systems achieve 52-week high following game-changing partnership with ABB

Titagarh Rail Systems Ltd, a small-cap railway wagons company, recently announced a strategic collaboration with ABB to provide propulsion systems for metro rolling stock projects in India. This partnership, in line with the Indian government’s ‘Make in India’ and ‘Atmanirbhar Bharat’ initiatives, has achieved initial success with the procurement of orders to design and supply equipment for metro coaches in the state of Gujarat.

Titagarh Rail Systems Ltd specializes in the comprehensive process of designing, manufacturing, supplying, commissioning, and servicing a diverse range of passenger rolling stock and metro coaches for both the Indian and international markets. On the other hand, ABB is a global leader in designing, manufacturing, and servicing propulsion systems and electrical equipment related to rolling stock for railways and metro systems.

This strategic partnership aims to leverage the collective strengths and synergies of Titagarh and ABB, positioning them as a prominent player in the Indian market. Additionally, the collaboration seeks to expand their market footprint by venturing into other projects and countries, capitalizing on the combined expertise of the two companies.

Titagarh Rail Systems has a strong presence in both passenger and freight rail systems, offering a diverse range of products such as railway wagons, components, passenger coaches, and metro coaches. As the largest private sector manufacturer of railway wagons, the company has solidified its position as a leading player in the production of passenger coaches, contributing significantly to the railway industry.

Shares of Titagarh Rail Systems experienced a significant surge in trading volume and soared more than 11% to touch a new 52-week high of Rs 1,045 per share on the BSE. The shares have skyrocketed over 200% in the last six months and delivered over 500% returns to investors in the last year, growing their wealth by leaps and bounds!

Keep a close eye on this stock for the upcoming trading sessions.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet, and is subject to changes. Please consult an expert before making related decisions.