• Source:JND
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Titagarh Rail Share Price:  The shares of Railway stock Titagarh Rail Systems Ltd surged up to 6% during early trading hours on Thursday after Morgan Stanley Asia Singapore PTE bought its share in a bulk deal in the previous trading session. Morgan Stanley bought a 0.57% stake or 763738 shares in the company at an average price of Rs 1,120 per share, amounting to around Rs 85.5 crore. 

On the other hand, Smallcap World Fund Inc. offloaded a 0.59% stake in the Tiagarh at an average price of Rs 1,120.12 per share, valued at Rs 88.6 crore.

At around 1:50 pm, Titagarh Rail stock was trading at Rs 1,173.45, up 3.57 per cent or Rs 40. The stock opened at 1,137.75 per share in the morning and went on to hit an intraday high of Rs 1,224.0 per till the afternoon trade. Tittagar Rail stock has made a multi-bagger return of 1019% in three years and zoomed 603% in two years.

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Titagarh stock performance

In the last 5 trading sessions, the railway stock surged over 5%, while in the last 30 days, the Titagarh share price tanked over 9%. In the last 6 months the share price jumped over 19% and to date this year (YTD) the stock surged over 12%. However, in a year the stock has gained over 47%.

What does Titagarh Rail do?

Tittagar Rail Systems is a producer and seller of freight wagons, railway electrical products, metro trains, passenger coaches,  special equipment and bridges, steel castings and vessels. The company has three operation modes- passenger rolling stock, freight rolling stock, and shipbuilding, bridge and defence.

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