Titagarh Wagon Small-Cap Stock Near 52-Week High With 232% Returns In 1 Year

9 May 2023
2 mins read
From Rs 1 Lakh to Rs 3.32 Lakh in One Year: This Company's Shares Deliver Incredible Returns!
Titagarh Wagon Small-Cap Stock Near 52-Week High With 232% Returns In 1 Year

Today, the Indian market indices opened on a positive note. The S&P BSE Sensex touched 62,000, up by 236 points from the previous day’s closing. In contrast, the Nifty50 touched 18,333.25, up by 68.85 from its previous closing of 18,264.40. In this bullish market, a railway wagon manufacturing company reported multibagger returns in the last 1 year.   

Titagarh Wagon Ltd, a S&P BSE SmallCap company, has delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 102.1 on May 5, 2022 to Rs 339.85 on May 8, 2023, an increase of 232% in the one-year holding period.   

The share of Titagarh Wagon Ltd opened at Rs 338.90 and has touched a high and low of Rs 349 and Rs 338.90, respectively. So far 10,860 shares have been traded on the bourses.         

At the time of writing, the shares of Titagarh Wagon Ltd were trading at Rs 341.45, an increase of 0.47% from the previous day’s closing price of Rs 339.85 on BSE. The stock has a 52-week high and low of Rs 358 and Rs 93.35 respectively on BSE.   

Titagarh Waggons, founded in 1997, specializes in the production of railway wagons. It is one of India’s main private-sector wagon makers. During its first year, the business began developing the prototype of the BOXN Waggon. The next year, the business received an order from Indian Railway to manufacture BOXN and BCNA-type wagons. In the year 2000, a new type of wagon, the BOBYN, was introduced.    

The company is currently trading at a PE of 59.2X against the industry PE of 26X. In FY23, the company’s ROE and ROCE were -0.05% and 7.67%, respectively. The firm belongs to Group B stocks and has a market valuation of Rs 4,125 crore.