Titagarh Wagons share price rose close to 5 per cent on the NSE after the company said that it has received an order from the Indian Navy for construction of 2 fuel barges. The announcement was made on Saturday, 10th December 2016.
On the NSE, so far over 15 lac shares were traded on the counter, as compared to average daily volumes of 1.44 lac shares in the past one quarter. The scrip has hit a high of Rs 120.90 and a low of Rs 117.10 so far during the day.
The stock hit a 52-week high of Rs 166.35 on 1 January 2016. The stock hit a 52-week low of Rs 84 on 24 May 2016. Titagarh Wagons share price had outperformed the market over the past one month till 9 December 2016, falling 1.13 per cent as compared to the 2.80 per cent decline in the Sensex. Titagarh Wagons share price had also outperformed the market in past one quarter, falling 6.24 per cent as compared to Sensex's 7.12 per cent decline. The small-cap company has equity capital of Rs 23.08 cr. Face value per share is Rs 2.
Titagarh Wagons said that it has been accredited with registration by the Ministry of Defence (Navy), Directorate of Ship Production for undertaking construction of non-weapon platforms up to 120 m length and all types of yardcraft vide communication dated 7th December 2016 issued by the said authority. Also, the company has received an order for construction of 2 fuel barges for the Indian Navy in its currently added shipbuilding vertical.
Titagarh Wagons designs and manufactures wagons such as container flats, cement wagons, clinker wagons, grain hoppers, tank wagon under the French brand Arbel Fauvet Rail. Titagarh also manufacturers cast steel bogies and couplers for freight application.
According to Dynamic Levels analysts and researchers, Titagarh Wagons Limited belongs to the top 500 shares set for this quarter. For more details, please visit Titagarh Wagons share price history.
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