India's Titagarh Rail Systems rises on $103 mln contract win

Titagarh Rail Systems

04/10/2023 05:12

** Shares of Titagarh Rail Systems up as much as 4.4% at
803.90 rupees 
    ** Vehicle control systems maker signs a 8.57 bln rupees
($103 mln) contract with Gujarat Metro Rail Corporation for
manufacturing 72 standard gauge cars 
    ** Stock set to snap three consecutive sessions of losses,
if gains hold
    ** Avg rating of all six analysts tracking TITG at "strong
buy"; their median PT is 782 rupees - LSEG data
    ** Including day's move, stock up 3.5x YTD


($1 = 83.2325 Indian rupees)

 (Reporting by Kashish Tandon in Bengaluru)
 ((Kashish.tandon@thomsonreuters.com))