promoter buys stake

Titagarh Rail Systems

29/12/2022 07:24

** Shares of Railway wagon maker Titagarh Wagons Ltd
 TITW.NS  rise as much as 4.5% to a record high of 222.9 rupees
    ** Co-promoter of TITW, Titagarh Logistics Infrastructure
bought 4,64,476 shares via open market on Thursday, according to
NSE data
    ** Titagarh Logistics Infrastructure held 12,35,000 (1.03%
stake) shares in the company, as on Sept. 30, according to
shareholding pattern details in NSE, ahead of this transaction
    ** More than 2.3 mln shares change hands by 12:50 p.m. IST
vs 3.5x 30-day avg of 664k shares
    ** Analysts on average maintain "buy" rating; median PT is
206 rupees - Refinitiv data
    ** Stock up 130% YTD up to last close
 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))