India's Titagarh Rail Systems up on order from Ministry of Defence

Titagarh Rail Systems

19/02/2024 03:57

** Shares of Titagarh Rail Systems  TITG.NS  rise 6.7% to
1,022 rupees
    ** Railway wagon maker said it got order worth 1.7 bln
rupees ($20.5 mln) from Ministry of Defence
    ** Order to manufacture and supply 250 specialized wagons
    ** Avg rating of five analysts equivalent of 'strong buy;'
median PT is 1,233.50 rupees - LSEG
        ** No analyst has a rating below equivalent of 'buy;'
PTs at least 21% above current trading price
  
    ** TITG trading above its 200-day simple moving avg since
July, 2022
    ** However, stock down 12% so far in February, after three
consecutive months of gains



($1 = 82.9830 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))