Stock Market Update – Titagarh Share Price Target 2024 To 2030

Titagarh Share Price Target – Titagarh Rail Systems Limited, formerly Titagarh Wagons Limited, is an Indian rolling stock manufacturer in the private sector. The founder, Jagadish Prasad Chowdhary, decided to add a bit more value to his propositions. He ventured into making entire wagons that would be used for freight; before that, it used to manufacture railway components. 

The core operations of the company encompass providing freight wagons, semi-high-speed trains, metros, transit and propulsion systems, and passenger coaches for the Indian Railways and the export markets as well.

Titagarh Share Price Current Market Overview

• Open Price: ₹1,399.00
• High Price: ₹1,456.00
• Low Price: ₹1,399.00
• Current Share Price: ₹1,293.80
• Market Capitalization: ₹19,520 Crores
• P/E Ratio: 65.37
• Dividend Yield: 0.055%
• 52-Week High: ₹1,896.95
• 52-Week Low: ₹681.00

Titagarh Share Price For Recent Price Graph

Titagarh Share Price Target 2024 To 2030

Titagarh Rail Systems from 2024 to 2030 are as follows:

Shareholder Pattern For Titagarh Share Price

• Promoters: 40.46% (Decreased from 40.46% in the previous place)
• Retail and Others: 25.85%
• Foreign Institutional Investors (FII/FPI): 19.56% (Increased from 17.27%)
• Mutual Funds: 11.44% (Increased from 10.83%)
• Other Domestic Institutions: 2.69%

Annual Income Statement For Titagarh Share Price

For details regarding the annual income statement, go through the given table.

Challenges For Titagarh Share Price

Titagarh Rail Systems’ share price has faced challenges due to a slight dip in revenue and a decrease in operating performance in the first quarter of 2024: 

1. Revenue Decline

The company’s revenue from operations fell 0.8% year-on-year to Rs 903.1 crore for the June quarter. This is attributed to projects in the design phase and earlier projects nearing completion. 

2. Profit-Taking

Investors partially took profits after the subdued earnings report, especially considering the stock’s impressive performance over the past year. 

3. Short-Term Market Volatility

The recent financial results have led to short-term market volatility, and investors are watching closely to see if the company can rebound.