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Titagarh Wagons shines on launching second research vessel ‘Sagar Anveshika’

03 Sep 2019

Titagarh Wagons is currently trading at Rs. 39.10, up by 1.60 points or 4.27% from its previous closing of Rs. 37.50 on the BSE.

The scrip opened at Rs. 38.80 and has touched a high and low of Rs. 39.60 and Rs. 38.45 respectively. So far 8138 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 92.00 on 12-Sep-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. 39.70 and Rs. 36.25 respectively. The current market cap of the company is Rs. 433.52 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 launched the second Research Vessel - Sagar Anveshika. With this launch, the company has become the only private shipyard to build and deliver complex vessels ahead of schedule. ‘Sagar Anveshika’ will house state of the art laboratories equipped with modern scientific instruments.

In the next few months Sagar Anveshika will undergo outfitting of accommodation areas as well fitment of scientific instruments in the laboratories. The company aims to deliver the vessel to NIOT by December 2019 again almost 3 months ahead of schedule.

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.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323