Railway Stock Skyrocketing: Board Declares Record Date For Dividend Payment Now

Small cap stock operating in Capital Goods-Non Electrical Equipment sector, Titagarh Rail Systems fixed September 22, 2023 as the record date for dividend, if approved at the AGM. Titagarh Rail Systems shares offered attractive 373% return in last 1-year and rallied 105% in last 3-months only. Titagarh Rail Systems stock has been skyrocketing for some time as it soared 1768% in just 3-years. Check details below:

Titagarh Rail Systems Announces Record Date For Dividend Payment: According to the BSE filing of Titagarh Rail Systems dated September 7, 2023, "The Company has fixed Friday, 22nd September, 2023 as the Cut-off date for the purpose of determining eligibility of shareholders to cast their votes by remote e-voting /e-voting at the AGM and also as the record date for payment of dividend for the financial year ended 31st March, 2023. The payment of dividend is subject to the approval of the Shareholders of the Company."

Titagarh Rail Systems Stock Performance & Return: Current market price of Titagarh Rail Systems share is Rs 807.10 per share with intraday gain of 2.18%. Its 52-week high price is Rs 866.70 per share and 52-week low price is Rs 136.45 per share, respectively. It has a market capitalisation of Rs 10,263.98 crore. Titagarh Rail Systems shares gained 229% in last 6-months, soared 256% YTD, jumped 760% in last 2-years, and rose 821% in last 5-years.

Titagarh Rail Systems Financials: The company for the quarter ended June 30, 2023 announced its consolidated total income at Rs 914.65 crore, down 6.78% as compared to last quarter total income of Rs 981.20 crore. It declared its recent quarter net profit after tax at Rs 61.78 crore.

Why Titagarh Is Witnessing Sharp Rally? According to Avinash Gorakshkar, Head of Research at Profitmart Securities, "the government of India (GoI) has announced special focus on infrastructure, which includes rail infra as well. Being an active beneficiary of the railway infrastructure projcts, which includes recently announced four railway infrastructure development projects announced by the Gati Shakti, the market has gone highly bullish on the scrip."

Titagarh Rail Systems About: Titagarh stretches its global reach and presence through factories in India and Italy. It caters to passenger rolling stock including trains and metros as well. Its product range expands to include electric propulsion equipment such as traction motors and vehicle control systems. Titagarh also designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, and tank wagons, according to its official website.

Disclaimer

The stock just highlights the dividend and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.