Titagarh Ltd up by 8.01 percent | Espresso

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Espresso Shot of the Day - Titagarh Ltd up by 8.01 percent

March 08, 2023
Espresso Shot of the Day - Titagarh Ltd up by 8.01 percent

TITAGARH WAGONS LTD 245.30 (+8.01%) BSE –INE615H01020| 08th  March 2023

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Titagarh stretches its global reach and presence through factories in India and Italy. Company caters to passenger rolling stock including trains and metros as well. TWL’s product range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons. In 2015, Titagarh acquired a 100% stake in Titagarh Firema, an Italian company with an esteemed reputation for manufacturing passenger rolling stock. Now with a presence in two different continents, Titagarh has stretched its global reach, far and wide, thus having transformed itself into a global conglomerate.


Recent Drivers

  • On March 02,2023, Titagarh Wagons in a stock exchange filing said that the TWL-BHEL consortium has emerged as the second-lowest bidder for “manufacturing cum maintenance of Vande Bharat trainsets, including up-gradation of the government manufacturing units and trainset depot”.
  • The contract value of Vande Bharat trains for Titagarh Wagons Ltd (TWL)-Bharat Heavy Electricals Ltd (BHEL) consortium is estimated at Rs 25,000 crores for manufacturing of 80 train sets and maintaining them for the next 35 years, a senior company official said on March 2,2023.
  • The company reported a quarterly net profit of Rs.32.55 crores in December 2022, up 2112.64% from the Rs.1.47 crores in December 2021 on February 13,2023.
  • On February 13,2023, the company reported a quarterly net sale of Rs. 766.40 crores in December 2022, up 58.8% from the Rs. 482.63 crore in December 2021.

          (Sources: Exchange, Money control, Business Standard)­


Technical Force*

  • S&P BSE SmallCap month till date gain by 3.04%.
  • 3 months avg. NSE volume: 798,568
  • Quantity traded: 2,90,685| Deliverable quantity: 2,01,445 (69.30%).
  • Stock price jumped by more than 190 % from a one-year low level: 82.40 (March 7, 2022)
  • Daily RSI (14) is near overbought territory today.
  • 52-week-high: 247.00 | 52-week-low: 82.40


Key Pivot (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

423.38

324.32

273.88

174.82

124.38

25.32

-

-

Fibonacci Pivot

324.32

267.21

231.93

209.20

174.82

140.43

117.71

82.43

25.32


Today’s Close

245.30

SMA

BSE

10 DAY

216.90

20 DAY

215.10

50 DAY

217.92

200 DAY

164.02


Some Key Ratios (Source: BSE)

Market Cap:  2,933.08 Crores

PE: 41.30

OPM%: 10.84

ROE%:  8.14

Promoters holding%: 47.82

Prev. Close:  227.10


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The scope and usability of this information/data is time-sensitive and market-based, and as such the same may become outdated for the investment decisions of clients, for which Espresso Financial Services Pvt. Ltd bears no responsibility. References to securities do not constitute a recommendation to buy, sell or hold such securities. The user assumes the entire risk of any use made of this information. Each recipient of this document should make such investigations as it deems necessary to arrive at an independent evaluation of an investment in the securities of companies referred to in this document and should consult his own advisors to determine the merits and risks of such an investment. Espresso Financial Services Pvt. Limited is under no obligation to update the information in this document from time-to-time.

Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.