Results Impact: Titagarh Rail Systems declines 8% on subdued Q1 earnings
5 months, 1 week ago

Results Impact: Titagarh Rail Systems declines 8% on subdued Q1 earnings

Live Mint  

Shares 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.

History of this topic

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