- By Aditya Pratap Singh
- Mon, 17 Feb 2025 02:31 PM (IST)
- Source:JND
Titagarh Rail Share Price: Shares of Titagarh Rail System fell over 4% in intraday trade on Monday after the October-December quarter result disappointed investors. Today's decline marked its third consecutive trading session of decline. In the last two sessions, the stock plunged more than 7%. At around 2:18 pm, the shares were trading at Rs 768.05 per share, falling 4.55% against the previous day's closing price of Rs 804.65 on NSE.
Stock hits 52-week low
The company's shares opened at Rs 800.0 on NSE and during the trading hour, it plunged over 5% hitting a 52-week low of Rs 763.20. This marks a significant decline from the 52-week high of Rs 1,896.95 recorded on June 27, 2024.
The quarterly performance disappointed investors
In the December quarter, Titagarh Rail System reported a net profit of Rs 62.80 crore, a decline of 16% compared to Rs 74.80 crore in the same period last year. The company's revenue also declined 5.5% to Rs 902.20 crore from Rs 954.70 crore on an annual basis.
Stock performance: Short-term pressure, long-term gains
The continuous decline led to a negative 19% return in the past year, while the Sensex moved higher. However, long-term investors saw significant gains, with the stock registering a 256% return in two years and a 1,500% increase in the last five years.
Despite the recent slowdown, Titagarh Rail Systems has a market capitalization of ₹10,332.84 crore, which underlines its presence in the railway sector. Investors are now eagerly waiting for signs of recovery and future growth opportunities.
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Disclaimer: This is just a piece of news on recent development in company's share. Jagran does not advise investing. Please take an expert opinion before investing.
