Shares of multibagger Titagarh Rail Systems Ltd crossed the Rs 1,000 mark for the first time ever in the current session. The stock hit a record high of Rs 1045 in early trade. In the afternoon session too, the stock was trading above the Rs 1,000 mark at Rs 1006.30 on BSE. The rally in the railway stock came after the firm said it has formed a strategic partnership with ABB Systems to supply propulsion systems for metro rolling stock projects in India.
Shares of multibagger Titagarh Rail Systems Ltd have recovered 430% from their 52-week low in a year. Titagarh Rail Systems stock, which hit a 52 week low of Rs 160.05 on November 14 last year hit a high of Rs 849 intraday in the current session. Apart from the rally from 52-week low, the stock has clocked 384% returns in a year and zoomed 831% in two years. The stock has clocked positive returns in all time periods up to 10 years. Shares of Titagarh Rail Systems gained 3.74% to Rs 849.05 today against the previous close of Rs 818.40 on BSE. Total 1.44 lakh shares of the firm changed hands amounting to a turnover of Rs 12.06 crore. Market cap of the firm rose to Rs 10,719 crore. Titagarh Rail stock hit a 52-week high of Rs 867 on October 18, 2023.