India's Titagarh Rail rises on launch of tug vessel

Titagarh Rail Systems

15/01/2024 07:36

** Shares of Titagarh Rail Systems  TITG.NS  rise as much as
3.5% to 1,085 rupees 
    ** Engineering firm launches bollard pull tug vessel, which
will carry out operations for Indian Navy
    ** TITG was trading 1.5% higher before the news
    ** Stock on track to rise for third straight month
    ** TITG has been above its 100-day and 200-day SMAs since
July 2022, suggesting bullish sentiment
    ** Avg analyst rating is "strong buy", median PT is 1,036
rupees, ~4% lower than current price - LSEG data
    ** Stock rose 366.7% in 2023, gaining most in a year since
its listing in 2008
    ** TITG rose for four consecutive years until 2023




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))