India's Titagarh Wagon rises 6% on posting Q4 profit

Titagarh Rail Systems

25/05/2023 06:02

** Shares of Titagarh Wagon Ltd  TITW.NS  rise as much as
6.2% to 344.30 rupees, biggest pct. gain since May 3
    ** Heavy machinery and vehicles holding co posts
consolidated net profit of 482.4 mln rupees ($5.90 mln) for
March qtr, vs loss of 249.5 mln rupees a year earlier
    ** Rev from ops more than doubles to 9.74 bln rupees 
    ** About 552,074 shares change hands by 10:23 a.m. IST, 0.5x
the 30-day avg - Refinitiv data
    ** Stock up ~45% YTD as of last close



($1 = 81.7800 Indian rupees)

 (Reporting by Priya Sagar in Bengaluru)
 ((Priya.Sagar@thomsonreuters.com))