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Titagarh Wagons surges on decision to exit from Arbel Fauvet Rail

27 Aug 2019

Titagarh Wagons is currently trading at Rs. 39.20, up by 0.20 points or 0.51% from its previous closing of Rs. 39.00 on the BSE.

The scrip opened at Rs. 39.05 and has touched a high and low of Rs. 39.70 and Rs. 39.00 respectively. So far 3607 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.80 on 27-Aug-2018 and a 52 week low of Rs. 31.30 on 05-Aug-2019.

Last one week high and low of the scrip stood at Rs. 40.00 and Rs. 35.00 respectively. The current market cap of the company is Rs. 453.18 crore.

The promoters holding in the company stood at 45.71%, while Institutions and Non-Institutions held 13.22% and 41.07% respectively.

Titagarh Wagons has decided to exit from France-based Arbel Fauvet Rail (AFR), the company's first overseas acquisition. The company had acquired AFR, a railway rolling stock maker, for Rs 11.7 crore in 2010.

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.

Related Titagarh Wagons Ltd. Links:

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323