Titagarh Rail Systems Ltd has been on a remarkable upward trajectory, surging for the fifth consecutive session on Friday. The stock soared 14.31% intraday, reaching a high of ₹924.90. This bullish streak marks a 34.60% gain over just five trading days. Trading volumes on the BSE also reflected heightened investor interest, with around 15.57 lakh shares changing hands—substantially higher than the two-week average of 1.64 lakh shares. The total turnover stood at ₹138.45 crore, bringing the company’s market capitalisation to ₹12,377.19 crore.
Market analysts remain optimistic about the stock’s future, citing strong fundamentals, including a robust order book and consistent growth prospects. Experts suggest the stock could break past the ₹1,000 mark in the near term, with immediate support in the ₹800–₹830 range.
Anubhav Sangal, Senior Research Analyst at Bonanza, pointed out that Titagarh’s current order book stands at ₹25,333 crore—about 6.2 times its estimated FY25 revenue—ensuring visibility and long-term growth. He further noted that the company is eyeing expansion in areas such as signalling, safety systems, shipbuilding, and maritime systems, which are considered high-potential and critical sectors.
Ravi Singh, SVP – Retail Research at Religare Broking, echoed this bullish sentiment, predicting a short-term target of ₹1,050 and pegging ₹890 as a key support level.
Technical analysts also weighed in. Osho Krishan of Angel One highlighted the stock’s breakout after a prolonged consolidation phase between ₹700–₹800. He sees the possibility of it crossing ₹1,000 soon and potentially advancing to ₹1,080–₹1,100. However, any pullbacks may find strong support around the ₹800–₹830 zone.
On the cautionary side, SEBI-registered analyst AR Ramachandran advised investors to book profits at current levels, noting the stock is in an overbought zone with an RSI of 73.19. A daily close below ₹836 could open up downside potential toward ₹731.
Technically, while the stock trades above its 5-day simple moving average (SMA), it remains below its 10-day, 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day SMAs. It currently holds a P/E ratio of 40.01 and a P/B value of 5.21, with earnings per share (EPS) at ₹22.93 and a return on equity (RoE) of 13.01. The stock’s one-year beta stands at 1.6, indicating relatively high volatility.
Formerly known as Titagarh Wagons, the Kolkata-based firm is a major player in shipbuilding, defence, and railway manufacturing. As of March 2025, its promoters hold a 40.46% stake in the company.
