233% Rise in 1 Year: As Titagarh Rail Systems rises, should you buy, sell, or hold its shares?

Titagarh Rail Systems Share Price: Titagarh Rail Systems soared over 8.30 per cent on BSE on Thursday (May 16, 2024) in the first trading session after the railway firm reported strong operational fourth-quarter results.

The stock that closed at Rs 1,111.35 a day ago rose by 8.35 per cent to Thursday's high of Rs 1204.10.

Titagarh Rail Systems shares were trading higher by 7.39 per cent, or Rs 82.15, at Rs 1,193.50 at 9:27 am on Thursday.

The stock of the company has skyrocketed by 233 per cent in the one year as it closed at Rs 333.35 on May 15, 2023.

Titagarh Rail Systems Q4Fy24 (conso) (YoY) results

Its profit after tax (PAT) skyrocketed by 64.50 per cent to Rs 79 crore in the fourth quarter compared to Rs 48 crore Year-on-Year (YoY). 

Revenue from operations jumped by eight per cent to Rs 1,052 crore in Q4 against Rs 974 crore in the same quarter last fiscal.

Titagarh Rail Systems' EBITDA soared by 26.30 per cent to Rs 120 crore in the quarter under review compared to Rs 95 crore YoY.

Its margin was 11.4 per cent in Q4 against 9.8 per cent in the same quarter last year.  

Titagarh Rail Systems dividend

Titagarh Rail Systems also announced a Rs 2/share dividend.  

Its other income was Rs 15 crore compared to Rs 7 crore YoY.

Morgan Stanley on Titagarh Rail Systems 

Morgan Stanley has maintained an 'overweight' rating on the company after it reported strong Q4 numbers. It has set a target price of Rs 1,285.