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Titagarh Wagons surges on acquiring 50% stake in Matiere Titagarh Bridges

16 Jul 2020 Evaluate

Titagarh Wagons is currently trading at Rs. 40.20, up by 1.45 points or 3.74% from its previous closing of Rs. 38.75 on the BSE.

The scrip opened at Rs. 40.40 and has touched a high and low of Rs. 40.65 and Rs. 39.50 respectively. So far 6163 shares were traded on the counter.

The BSE group 'B' stock of face value Rs. 2 has touched a 52 week high of Rs. 61.45 on 15-Jan-2020 and a 52 week low of Rs. 20.50 on 20-Mar-2020.

Last one week high and low of the scrip stood at Rs. 42.80 and Rs. 38.50 respectively. The current market cap of the company is Rs. 447.97 crore.

The promoters holding in the company stood at 45.70%, while Institutions and Non-Institutions held 11.90% and 42.39% respectively.

Titagarh Wagons (TWL) has acquired the shares held by Matiere S.A.S., France (Matiere), representing 50% of the paidup share capital of Matiere Titagarh Bridges (MTBPL), a joint venture company of TWL. As a result of the above, the shareholding of the company in MTBPL has changed from 50% to 100% and thus MTBPL has become a wholly-owned subsidiary of the company with effect from July 14, 2020.

TWL is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than Railways).

Titagarh Railsystems Share Price

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