Bulls Eye! Titagarh Rail Systems stock scales record high, turns multibagger

Titagarh Rail Systems’ shares surged 6% to hit a lifetime high, against the weak market trend and has given investors more than 100% returns YTD. The stock’s surge is attributed to the government’s focus on rail infrastructure, the robust earnings growth, and the company’s transformation into a rail transportation entity. Antique Stock Broking rates the stock as a “buy” with a 54% potential upside from its current price level and a target price of INR 694. Its plan to increase wagon manufacturing capacity to 12,000 wagons p.a. is expected to drive further growth.