Smallcap stock: The funds of the rights issue are proposed to be predominantly used for acquisition of a 126-acre land plot, which will be employed for the establishment of both a solar power facility and a wind energy installation.
Titagarh specializes in the design, manufacture, supply, commissioning and servicing of various passenger rolling stock and metro coaches for Indian and international markets.
Smallcap stock: Garment margins of the company are currently in high single-digit and are expected to rise to double-digits in a couple of quarters, aided by higher capacity utilisation and better operating efficiencies, Sharekhan stated.
The bidding procedure for smart meters has already started in many State Electricity Boards (SEBs), demonstrating the benefits of the Reforms-Based, Result-Linked Power Distribution Sector Scheme.
According to the latest shareholding pattern available with the exchanges, as of 30 June 2023, 61.6% of the company s shareholding is with the promoter & promoter group, and 38.4% with the public.