India's Titagarh Wagons up on emerging as L-2 bidder for Vande Bharat trainsets

Titagarh Rail Systems

03/03/2023 05:18

** Shares of Titagarh Wagons Ltd  TITW.NS  up as much as
2.47% at 226 rupees
    ** Co on track for third consecutive session of gains, as
well as fourth consecutive week of gains if trends hold 
    ** Heavy machinery and vehicles holding company says its
consortium with Bharat Electricals Ltd emerged as L-2 bidder for
manufacturing and maintenance of Vande Bharat trainsets
    ** Consortium eligible to get 80 trainsets
    ** TITW trades above 50-, 100-, and 200-day simple moving
averages, indicating bullish sentiment
    ** More than 491,522 shares change hands, as of 10:28 a.m.
IST, 0.7x 30-day average of 680,175 shares 
    ** Stock down 1.4% YTD as of last close, after posting three
consecutive years of gains

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