Titagarh Rail gains on positive outlook, HSBC raises the target price!
Fri, Sep 15, 2023 3:08 PM

Titagarh Rail gains on positive outlook, HSBC raises the target price!

A Flip by Avya Verma
Get it on Google Play
Shares of Titagarh Rail Systems surged 3% on September 15th due to strong outlook for the rail coach and wagon maker. Brokerage HSBC Securities has given a 'Buy' rating with a higher target price, citing an upside potential from current levels and 2.8x jump in its profit over FY23-26. The company posted revenue from operations of Rs 911 crore and net profit of Rs 62 crore in the June quarter.

More great flips

Ahead of Market: Things that will decide D-Street action on Thursday

Ahead of Market: Things that will decide D-Street action on Thursday

đź“ŚUS stock indexes fell on Wednesday, dragged by losses in Tesla and Uber đź“ŚEuropean shares kicked off trade on an upbeat note on Wednesday đź“ŚNifty on Wednesday ended flat to form a high wave type candle pattern đź“ŚMomentum indicator MACD showed bullish trade on the counters đź“ŚMarket breadth favoured bulls as 2,053 stocks ended in the green, while 1,750 names settled in the red

Open Flip
L&T Q4 results: Siddhartha Mohanty appointed as Director; to take charge

L&T Q4 results: Siddhartha Mohanty appointed as Director; to take charge

Larsen & Toubro has inducted the Chairperson of Life Insurance Corporation (LIC) of India Siddhartha Mohanty as Director with effect from May 28, L&T said on May 8.The $21 billion conglomerate said that Mohanty will represent the equity interest of LIC in Larsen & Toubro's board and has been nominated by LIC in place of Mr. Hemant Bhargava.

Open Flip
Madhusudan Kela’s portfolio stock & promoters increase stake!

Madhusudan Kela’s portfolio stock & promoters increase stake!

Choice International Ltd was incorporated in 1993. It is an integrated and diversified financial services group. It provides a wide range of financial services that include broking & distribution, investment banking, financial services to business advisory, regulatory compliances to government authorities & other corporate entities, retail loan distribution, mutual fund distribution.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon