Multibagger Railway Stock Titagarh Rail Systems: Titagarh Rail Systems Limited shares are making investors a lot of money. The company, which manufactures a variety of goods for the railroad, directly converted Rs. 100,000 from its shareholders into Rs. 21,000. Shares in multibagger Titanagarh Rail Systems Limited hit their all-time high. The railway stock, which hit a 52-week low of Rs.98.30 on June 28, 2022, hit a record high of Rs.529.40 in yesterday’s trading session.
That means the stock is up more than 439% in a year. The stock is up a whopping 1338% over the past three years. Railways stock, which closed at Rs.35.04 on June 26, 2020, hit an intraday high of Rs.529.40 on the BSE yesterday. In comparison, the Sensex has gained 81.71 percent in three years. In the current session, shares of Titagarh Rail gained 4.67% to hit an all-time high on BSE. Previously, the stock had opened at 520.85 rupees on the BSE.
Also Read: How to Register a Rental Agreement? What is the online method? Are there different rules in each state?
1 lakh became 21 lakh
The stock is up 402% in one year and 124% in 2023. If an investor had invested Rs.1 lakh in the shares of Titagarh Rail Company three years ago, his capital would have risen to over Rs.21 lakh by now. Over the past year, shares in Titagarh Rail Systems have returned 320%. On May 24 last year, shares of Titagarh Rail were at 300 rupees. On Thursday, June 15, shares of Titagarh Rail reached 411 rupees. Since May to date, investors have achieved a return of around 40 percent.
The stock’s Relative Strength Index (RSI) stands at 79.6, indicating that it is trading in overbought territory. Titagarh Rail Systems stock has a beta of 0.9, indicating low year-on-year volatility. Titagarh Rail Systems stock is trading higher compared to the 5-day, 20-day, 50-day, 100-day and 200-day moving averages. A total of 1.88 lakh shares of the company traded in today’s session with turnover of Rs 9.66 crore. The company’s market capitalization rose to 6098 crore rupees.
The stock can exceed 680
Antique Stock Broking has started a buy call for the stock. The brokerage firm has set a target price of Rs.694 based on 20 times earnings for fiscal 2015, which represents an upside potential of 54 percent. The brokerage firm said Titagarh Rail Systems, a pioneer in rail car construction, is one of the few integrated manufacturers of passenger rail systems in India. The company has created a production setup that is difficult to reproduce and has the potential to grow its sales to over Rs.9-10 trillion over the next five years.
,
Tags: tips for making money, Multibagger Stocks, stock market, stock return
FIRST RELEASED : June 29, 2023 2:27 PM IST
