India's Titagarh Rail Systems jumps on $42 mln order win

Titagarh Rail Systems

30/08/2023 09:06

** Shares of India's Titagarh Rail Systems  TITG.NS  up 2.6%
at 752.8 rupees
    ** Wagon-maker said it won order worth about 3.5 billion
rupees ($42.28 million) from Gujarat Metro Rail Corporation
(GMRC) 
    ** Order for design and manufacture of 30 standard gauge
cars for Ahmedabad metro rail phase 2
    ** All 6 analysts eyeing the stock, rate it "buy" or higher,
median TP 776 rupees - Refinitiv IBES data 
    ** YTD stock had surged 234% 
    
($1 = 82.7799 Indian rupees)

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