India's Titagarh Rail Systems up on $42 mln contract win

Titagarh Rail Systems

20/10/2023 07:56

** Shares of Titagarh Rail Systems  TITG.NS  up as much as
8.97% to 866.5 rupees, their highest intraday pct gain since
Aug. 31 
    ** Rolling stock manufacturer inks contract with Gujarat
Metro Rail Corp for 3.5 bln rupees ($42.07 mln)
    ** Analysts' average rating is equivalent of "buy"; median
PT is 900 rupees - LSEG data 
    ** About 4 mln shares change hands as of 12:16 p.m. IST,
2.7x 30-day average 
    ** Stock last up 5.6%, extending YTD gains above 250% 

($1 = 83.1925 Indian rupees)

 (Reporting by Manvi Pant in Bengaluru)
 ((Manvi.Pant@thomsonreuters.com; +918447554364;))