India's Titagarh Rail Systems rises on driverless trainset delivery to Bengaluru Metro
07/01/2025 06:22
** Titagarh Rail Systems TITG.NS rises as much as ~4% to
1,129.95 rupees
** Co delivers driverless trainset to Bengaluru Metro Rail
Corporation's (BMRCL) Yellow Line
** Says two more trains will be delivered to the line by
April 2025, after which TITG will "ramp up production,
delivering two trains a month by September, 2025"
** Stock rated "buy" on avg; median PT is 1,540 rupees -
LSEG
** TITG gained 5.9% in 2024, rising for fifth straight year
(Reporting by Meenakshi Maidas in Bengaluru)
((meenakshi.maidas@thomsonreuters.com;))
Recent news on Titagarh Rail Systems
See all newsBrief: Titagarh Rail Systems Approves Re-Appointment Of Anil Kumar Agarwal As Deputy Managing Director
India's Titagarh Rail Systems gains on pact with Siemens
India's Titagarh Rail up as Jefferies sees gains from vendor approval from Railways
Lower wagon deliveries temper analysts' optimism after India's Titagarh Rail Q1 results
Brief: Titagarh Rail Systems And TUTR Hyperloop Enter Strategic Collaboration For Hyperloop Freight Solutions