Titagarh Rail Systems' shares surged 9.4%.

Titagarh Rail Systems, an Indian freight wagon manufacturer, reported a 64% increase in Q4 net profit to ₹79 crore and a 38.59% rise in full-year revenue to ₹3,853 crore. The company's shares have delivered extraordinary returns of 367% in the 2023 calendar year. Morgan Stanley initiated coverage on the stock with an 'Overweight' rating and set a target price of ₹1,285 per share.

May 16, 2024
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