Multibagger Stock: Titagarh Rails Systems hit an all-time high on BSE on Thursday (June 27, 2024) as promoter Rashmi Chowdhary sold a two per cent stake in the railway firm to Blackrock Global Emerging Market Funds and BNP Paribas Financial Markets. 

COMMERCIAL BREAK
SCROLL TO CONTINUE READING

Titagarh Rail Systems shares that closed the trading session on Wednesday at Rs 1,766.90 each soared by 7.33 per cent to hit all-time high of Rs 1,896.50 apiece on Thursday.

After starting the trading session at Rs 1,808.00 on Thursday, the stock of the Railway firm closed it higher by 2.95 per cent, or Rs 52.05, at Rs 1,818.95.

Titagarh Rail Systems had also hit an all-time high on June 21. 

Titagarh Rail Systems Block Deal

In the block deal, promoter Rashmi Chowdhary sold 26.93 lakh shares, or a two per cent stake, at Rs 1,618 per share.  

One of the buyers was Blackrock Global Funds, which bought 21.73 lakh (1.61 per cent) shares at 1,618.00 per share.  

The other was BNP Paribas Financial Markets, which purchased 5.20 lakh (0.39 per cent) shares at Rs 1,618 per share.

Titagarh Rail Systems share price history

Titagarh Rail Systems shares have soared by 45.33 per cent in the one year, 75.51 per cent in the six months, and 259.80 per cent in the one year.

Benchmark Nifty 50, meanwhile, has jumped by 4.85 per cent in the one month, 11.04 per cent in the six months, and 27.78 per cent in the one year.