News for Titagarh Wagons Limited (TWL.BO)

Indian markets ended lower on Friday due to profit booking in financial and IT stocks. Despite the dip, midcaps, smallcaps, and rate-sensitive sectors stayed strong. Optimism remains on easing global tensions and rate cut hopes. US and European markets extended gains, while key Indian stocks saw high activity and buying interest.

In the Nifty 50 index, 25 stocks ended in the green, while 25 stocks closed in the red in today's trade.

The NSE Nifty index closed 42.3 points down at 25019.8

Titagarh Rail share price: The stock was last seen trading 2.54 per cent higher at Rs 1,341.40. At this price, it has gained 22.15 per cent in the past one month.

Indian markets closed flat on Wednesday, with IT and consumer stocks gaining. Investors are awaiting US and Indian inflation data for cues on interest rate hikes. The US dollar strengthened and bond yields rose marginally.

The NSE Nifty index closed 31.75 points up at 24641.8

Jupiter Wagons share price: The stock soared 13.03 per cent to hit a day high of Rs 561.85. It was last seen trading 11.75 per cent at Rs 555.50. At this price, the scrip has gained 73.65 per cent in the calendar year 2024 so far.

The NSE Nifty index was trading 9.86 points up at 24619.9

Shares of Titagarh Rail Systems jumped 8% to Rs 1,223.8 on Thursday after Morgan Stanley Asia Singapore Pte acquired a 0.57% stake (7.63 lakh shares) through a bulk deal valued at Rs 85.5 crore, at an average price of Rs 1,120 per share.

Upper Circuit on Cosmic CRF share: The surge in Cosmic CRF share price came after the company announced that its subsidiary, N S Engineering Projects, has secured an order worth Rs 127.44 crore from the infrastructure industry.

The fall in the share price came after the company reported a weak set of numbers on the operations front.

Titagarh Rail share price: The stock today slipped 2.69 per cent to hit a day low of Rs 1,642.20. At this price, it was down 13.41 per cent from its all-time high of Rs 1,896.50, a level seen on June 27.

HSBC raises Titagarh Wagons target to Rs 2,000 due to metro contracts and Indian Railways modernization. Despite 5% Q1 FY25 profit growth, a 28% CAGR shows robust potential. Industry seasonality impacts 16% year-on-year IR's wagon additions. A 45x P/E, JVs, and 74% stock surge strengthen Titagarh's promising outlook.

The NSE Nifty index was trading 98.3 points up at 23967.1

The NSE Nifty index closed 147.5 points up at 23868.8

Indian benchmark equity indices ended lower on Friday, once again succumbing to profit booking after hitting all-time highs, although they locked in a third straight week of gains powered by a rally in financials and the return of foreign investors.

The NSE Nifty index was trading 49.85 points up at 23448.75

The NSE Nifty index closed 58.11 points up at 23322.95

The Nifty experienced a decline of 183 points, closing near the 22,700 level, and formed a "dark cloud cover" candlestick pattern, a bearish signal. The Indian market saw its worst session in nearly three weeks on Wednesday, dragged down by losses in heavyweight financials and IT stocks.