Titagarh Rail Systems is expected to benefit from Indian Railways plans to double its freight-loading volumes and increase its logistics share, which includes adding over 30,000 wagons per annum over the next five years.
Titagarh Rail Systems reported a 54 per cent YoY surge in sales while its Ebitda margins limbed 320 basis points YoY to 12.3 per cent, aided by operating leverage and higher contribution from better margin private sector wagon orders.
Railways stocks: Antique Stock broking said railway equipment and EPC companies are expected to grow revenue and earnings at 15 per cent and 19 per cent, respectively, over FY23–26E.
Hot stocks next week: Domestic equity market closed higher on Friday. RVNL, Titagarh Rail, Mazagon Dock, Kilburn Engineering, Waaree Renewable among stocks in focus next week. Watch this Visual Story to know more.