5 months, 1 week ago
Results Impact: Titagarh Rail Systems declines 8% on subdued Q1 earnings
Live MintShares of Titagarh Rail Systems saw an 8 percent drop in intra-day trading on Wednesday, driven by the company's underwhelming performance for the quarter ending June 2024. However, the company's revenue dipped by nearly one percent, falling to ₹903 crore from ₹910.80 crore in the corresponding quarter of the previous fiscal year. Despite this recent dip, Titagarh's stock has demonstrated strong growth over the past year, surging 158 percent from its 52-week low of ₹611.95 on August 14, 2023. The subdued earnings report prompted investors to partially take profits, especially considering the stock's impressive performance over the past year, delivering over 145 percent returns.
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