Titagarh Wagons has also decided to form a new joint venture company with Titagarh Firema SpA, (TFA) Italy

Titagarh Wagons board proposes change in name to Titagarh Rail Systems

Board of Titagarh Wagons approves change in company secretary

Board of Titagarh Wagons approves incorporation of joint venture company

Board of Titagarh Wagons appoints director

Buzzing stocks: Patanjali Foods, NACL Industries, ITC, Sundaram Clayton, Ramkrishna Forgings, Titagarh Wagons, L&T Finance Holdings, Sarda Energy, Jaypee Infratech, Sunflag Iron, Mindspace REIT, NIBE, BLS International, Federal Bank

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Shares of Titagarh Wagons and Ramkrishna Forgings jumped 4 per cent and 9 per cent, respectively, on the BSE

Ramkrishna Forgings Rallies 9%, Titagarh Wagons Rises As Consortium Bags Railways Order

The consortium of Ramkrishna Forgings and Titagarh Wagons has emerged as the Lowest Bidder (L1) as per the financial bid opened on March 14, 2023, to manufacture and supply forged wheels under Aatmanirbhar Bharat initiative of the Ministry of Railways, Government of India.

Titagarh Wagons, Ramkrishna Forgings gain after consortium bags forged wheels order

Ramkrishna Forgings-Titagarh Wagons consortium needs to supply around 15.4-lakh forged wheels over 20-year timeline.

Ramkrishna Forgings-Titagarh Wagons consortium emerge lowest bidder for forged wheels supplies

Ramkrishna Forgings jumped 5.31% to Rs 279.55 after the company’s consortium with Titagarh Wagons emerged as the lowest (L-1) bidder for supply of forged wheels to the Ministry of Railways, Government of India.

RK Forge soars after consortium emerges as L-1 bidder for Railways Ministry contract

In the smallcap segment, 36 stocks gave double-digit weekly returns. These include popular names such as Olectra Greentech, Kirloskar Oil Engines, Mangalore Chemicals, SeQuent Scientific, Jindal Saw, Usha Martin, Titagarh Wagons, Dishman Carbogen, Jindal Stainless, and South Indian Bank.

Sensex frowned upon bear party, but 36 smallcaps went on joyride last week

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is overpriced but is not in the overbought zone

Current price is more than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Titagarh Wagons Limited is engaged in the manufacturing and selling of railway wagons, steel castings, heavy earth moving and mining equipment, bailey bridges and electric multiple unit (EMU), among others.