iifl-logo-icon 1

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp

  • Open Demat with exclusive Advice & Services
  • Get a dedicated Relationship Manager to help you grow your wealth
  • Exclusive advisory on 20+ trading & wealth-based investment options
  • One tap Investments, Automated trading & much more
  • Minimum 1 lakh margin required
sidebar image

Titagarh Rail Surges 8% on ₹170 Crore Defence Order, Aims for Global Growth with Amber Group Pact

19 Feb 2024 , 03:19 PM

Titagarh Rail Systems witnessed a significant surge in its share price, rising by 8% in early trade on February 19, following the announcement of a substantial order worth ₹170 Crore from the Ministry of Defence. At 09:26 hrs, the stock was quoting at ₹1,032.80 on the BSE, marking a notable increase of ₹76.30, or 7.98%.

The order entails the procurement of 250 specialized wagons, as disclosed by the company in its press release. The execution timeline for the contract is set to commence 12 months after its signing and conclude within a span of 36 months.

This development comes on the heels of Titagarh Rail Systems' strategic move in January 2024, wherein it inked an agreement with the Amber group to venture into the railway component and subsystem business both domestically and internationally. Through this partnership, TRSL and Amber group, via its wholly owned subsidiary Sidwal Refrigeration Industries Pvt Ltd, plan to invest up to ₹120 Crore each to acquire equal control in the Special Purpose Vehicle (SPV) for establishing the new railway component business, along with fresh equity investment in Firema, Italy.

The company also reported a robust performance in its financials, with a remarkable 130% year-on-year surge in net profit to ₹75 Crore in Q3. Moreover, revenue from operations witnessed a notable increase of 24.6% year-on-year, amounting to ₹954.7 Crore in Q3FY24.

Titagarh Rail Systems' stock had reached its 52-week high of ₹1,249.00 and its 52-week low of ₹203.00 on January 20, 2024, and February 23, 2023, respectively. Presently, the stock is trading at a level 17.31% below its 52-week high and 408.77% above its 52-week low, reflecting its resilience and growth potential in the market.

Related Tags

  • Titagarh Rail
  • Titagarh Rail news
  • Titagarh Rail share price
  • Titagarh Rail updates
sidebar mobile


12 Apr 2024   |   01:37 PM
12 Apr 2024   |   10:20 AM
12 Apr 2024   |   10:16 AM
Read More

Most Read News

12 Apr 2024   |   08:25 PM
12 Apr 2024   |   08:14 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:13 PM
12 Apr 2024   |   08:08 PM
Read More
Knowledge Centerplus

Logo IIFL Customer Care Number
1860-267-3000 / 7039-050-000

Logo IIFL Securities Support WhatsApp Number
+91 9892691696

Download The App Now

Knowledge Centerplus

Follow us on


2024, IIFL Securities Ltd. All Rights Reserved

  • Prevent Unauthorized Transactions in your demat / trading account Update your Mobile Number/ email Id with your stock broker / Depository Participant. Receive information of your transactions directly from Exchanges on your mobile / email at the end of day and alerts on your registered mobile for all debits and other important transactions in your demat account directly from NSDL/ CDSL on the same day." - Issued in the interest of investors.
  • KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.
  • No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investor's account."

www.indiainfoline.com is part of the IIFL Group, a leading financial services player and a diversified NBFC. The site provides comprehensive and real time information on Indian corporates, sectors, financial markets and economy. On the site we feature industry and political leaders, entrepreneurs, and trend setters. The research, personal finance and market tutorial sections are widely followed by students, academia, corporates and investors among others.

  • 9 out of 10 individual traders in equity Futures and Options Segment, incurred net losses.
  • On an average, loss makers registered net trading loss close to Rs. 50,000.
  • Over and above the net trading losses incurred, loss makers expended an additional 28% of net trading losses as transaction costs.
  • Those making net trading profits, incurred between 15% to 50% of such profits as transaction cost.
Copyright © IIFL Securities Ltd. All rights Reserved.

Stock Broker SEBI Regn. No: INZ000164132, PMS SEBI Regn. No: INP000002213,IA SEBI Regn. No: INA000000623, SEBI RA Regn. No: INH000000248

We are ISO 27001:2013 Certified.

This Certificate Demonstrates That IIFL As An Organization Has Defined And Put In Place Best-Practice Information Security Processes.


Get better recommendations & make better investments

Invest wise with Expert advice

By continuing, I accept the T&C and agree to receive communication on Whatsapp