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Titagarh Wagons gains on receiving nod to merge some subsidiaries with itself

13 Aug 2015 Evaluate

Titagarh Wagons is currently trading at Rs. 111.50, up by 2.40 points or 2.20% from its previous closing of Rs. 109.10 on the BSE.

The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 112.00 and Rs. 108.95 respectively. So far 10,000 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. 117.75 and Rs. 108.50 respectively. The current market cap of the company is Rs. 1,286.00 crore.

The promoters holding in the company stood at 53.05% while Institutions and Non-Institutions held 16.80% and 30.15% respectively.

Titagarh Wagons has received an approval for merger of some of the subsidiaries including, Titagarh Marine (TML) with the company subject to necessary compliances In this regard and authorized the Merger & Acquisition Committee to get a detailed Scheme and other data prepared on the subject for further consideration of the matter. The board of directors at their meeting held on August 12, 2015 has approved for 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%)
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