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.
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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.
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