Titagarh Wagons profits on bagging agreement from Indian Railways

Titagarh Wagons profits on bagging agreement from Indian Railways

by admin- Tuesday, December 11th, 2018 06:11:49 PM

Titagarh Wagons is currently buying and selling at Rs. Sixty seven.20, up by zero.65 points or zero.98% from its previous remaining of Rs. Sixty six.55 on the BSE.

The scrip opened at Rs. 68.50 and has touched a high and coffee of Rs. 71.20 and Rs. 66.50 respectively.

The BSE group ‘B’ inventory of face fee Rs. 2 has touched a 52 week high of Rs. 182.15 on sixteen-Jan-2018 and a 52 week low of Rs. Sixty one.60 on 10-Oct-2018.

Last one week high and low of the scrip stood at Rs. Seventy two.95 and Rs. 64.70 respectively. The modern-day marketplace cap of the business enterprise is Rs. 768.83 crore.

The promoters retaining in the agency stood at forty five.Seventy four%, whilst Institutions and Non-Institutions held thirteen.Seventy six% and 40.51% respectively.

Titagarh Wagons has been provided a contract for manufacture and deliver of 5058 Wagons to Indian Railways, the bidding for which turned into carried out below the reverse public sale approach. These Wagons are BOXN HL kind, designed to hold coal, metallic, stones and many others. And the fee of order is Rs 1560.87 crore. As in keeping with the agreement, one 0.33 quantity (1686 Wagons) is to be provided within six months and to complete the supply of complete quantity of Wagons earlier than February 28, 2020.

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