India's Titagarh Rail Systems hits record high on $104.5 mln order win

Titagarh Rail Systems

28/06/2023 05:53

** Shares of Titagarh Rail Systems  TITG.NS  rise as much as
4.6% to a record high of 528.75 rupees
    ** TITG on Tuesday said it received Letter of Acceptance 
from the Gujarat Metro Rail Corporation for order worth 8.57
billion rupees ($104.53 million)
    ** Order includes commissioning, testing, and supply of 72
standard gauge cars for Surat Metro Rail Phase-I 
    ** More than 737,246 shares traded by 10:15 a.m. IST, 0.7x
the 30-day avg
    ** All five analysts tracking the stock rate it as "buy" or
higher; median PT is 486 rupees 
    
($1 = 81.9875 Indian rupees)

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))