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Titagarh Rail shares rebound 430% from 52-week low but target price of Rs 1,000 still looks distant; here s why

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.    

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