Why This Safir Anand Portfolio Stock Is Surging Today

Shares of Titagrah Wagons surged up close to 7% on Thursday to hit an intraday high of ₹344.30 after the company posted its earnings for the quarter ended March.

What Happened: The company’s standalone revenue from operations more than doubled to ₹974.22 crore in the quarter ended March as against ₹424.5 crore in the same quarter last year. Net profits for the January-March period stood at ₹53.01 crore up a massive 151.87% from the year-ago period.

See Also: BSNL 4G Set To Arrive In 2 Weeks, 5G By Year-End

The company also announced a ₹0.50/share final dividend for the year ended March. The strong numbers have helped the stock continue its dream run on the bourses. TWL’s share price has gone up close to 50% since the start of the year.

The firm’s investors include marquee names such as Safir Anand and Madhusudan Kela. As per the latest shareholding data, Kela-backed firm Mahima Stocks picked up a 1.65% stake in the company.

Price Action: TWL share price was up 4.57% to trade at ₹338.95 in the early hours of trading on Thursday.

Take Stock Of The Week Ahead

Get all the latest Share Market trends and news to set you up for the week ahead.

You have successfully subscribed.

Read Next: What Is Oyo Rooms' Share Price And How To Buy

Posted In: EquitiesMarketsSafir AnandTitagarh Wagons