Shares of multibagger Titagarh Rail Systems Ltd hit their all-time high today. With today’s rally, the stock has zoomed 394% from its 52-week low of Rs 120.25 hit on August 4 last year. The shares of the railway wagon manufacturer touched an all-time high of Rs 594.80, rising 9.95% on BSE today. However, HSBC Global Research sees more upside to the stock. It has initiated coverage on the railway stock with a buy call with a target price of Rs 730.
Multibagger stock: Titagarh Rail Systems shares, which closed at Rs 39 on July 31, 2020 closed at Rs 504.55 on June 30, 2023, clocking 1193% returns for investors during the period. In comparison, Sensex has risen 85.36 per cent in three years.