Shares of most of the railway sector related companies declined as much as four per cent ahead of presentation of the first Rail Budget subsumed in the General Budget on Wednesday. Titagarh Wagons share price settled 4.06 per cent down at Rs 115.90 on NSE on Tuesday, while Kalindee Rail Nirman (Engineers) ended 3.27 per cent down at Rs 113.95 from the previous close.
The brokerage house expects Titagarh Wagons to report net profit at 13.6 crore up 67.6 per cent quarter-on-quarter. Net Sales are expected to increase by 2 per cent Q-o-Q (up 49.4 per cent Y-o-Y) to Rs 413.6 crore. Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 2 percent Q-o-Q (up 534.9 per cent Y-o-Y) to Rs 33.1 crore.
Titagarh Wagons Ltd., incorporated in the year 1997, is a Small Cap company that operates in the infra machinery equipment. For the quarter ended 30TH Sep 2016, the company has reported a Consolidated sales of Rs 402.49 Cr., up 44.58 from last quarter Sales of Rs 278.39 Cr. and up 102.03 from last year same quarter Sales of Rs 199.23 Cr. Company has reported net profit after tax of the 8.14 Cr. in the latest quarter.
The 52 week high of Titagarh Wagons share price is observed at Rs 149.70 on 2nd Feb ’16 while the 52 week low is seen at Rs 84.00 on 24th May ’16. The Average Daily Movement of the stock is 4.52 and its average volume for last 20 days is 1301435. The stock yields -5.75 per cent monthly returns and has a book value of Rs. 212.50.
On account of its strong fundamentals, Titagarh Wagons share price is one of the top 500 performing stocks for this quarter as identified by Dynamic Levels.
For further details on the stock, refer to Titagarh wagons share price history.
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