India's Titagarh Rail rebounds after facility launch

Titagarh Rail Systems

06/06/2024 06:29

** Shares of India's Titagarh Rail Systems  TITG.NS  up 7.9%
after rising as much as ~9% earlier in the session
    ** TITG rebounds after slumping 25% over last two sessions 
    ** Co said it launched a new engineering centre in Bengaluru
city
    ** Separately, markets bet that capex spending of incoming
government will continue, benchmarks add ~1%  .BO 
    ** Rival Texmaco Rail & Engineering  TEXA.NS  also up 6.8% 
    ** YTD TITG has gained ~15% 

 (Reporting by Hritam Mukherjee in Bengaluru)
 ((Hritam.Mukherjee@thomsonreuters.com;))