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Titagarh Wagons gains on receiving approval to acquire rail rolling company in France

30 Jun 2015 Evaluate

Titagarh Wagons is currently trading at Rs. 102.10, up by 1.55 points or 1.54% from its previous closing of Rs. 100.55 on the BSE.

The scrip opened at Rs. 102.50 and has touched a high and low of Rs. 102.70 and Rs. 101.35 respectively. So far 22,000 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 174.60 on 10-Mar-2015 and a 52 week low of Rs. 38.32 on 26-Sep-2014.

Last one week high and low of the scrip stood at Rs. 106.25 and Rs. 98.35 respectively. The current market cap of the company is Rs. 1,023.51 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 13.28% and 33.67% respectively.

Titagarh Wagons is close to acquiring a Railway Rolling Stock manufacturing company based in France. The company’s bid for acquisition as a going concern has been accepted by the Competent Authorities. The company has placed the bid in its efforts to increase presence in the international markets.

The said acceptance of the bid is however subjected to fulfillment of certain conditions and the final outcome of the same.

Titagarh Wagons is engaged in the business of manufacturing Railway Wagons, EMU (Rail Coaches), Bailey Bridges, Heavy Earth, Moving and Mining Equipment, Steel and SG iron castings of moderate to complex configuration etc.


Titagarh Railsystems Share Price

741.05 3.85 (0.52%)
17-Apr-2026 16:59 View Price Chart
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