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Listed as a corporate body, Mahima Stocks held 19,67,710 shares in Titagarh Wagons as of 31 March 2023, representing a 1.65% stake.
The Titagarh Wagons stock hit a record high of Rs 343.70 today.
Over the last month, the stock has outperformed the market, experiencing a 36.63% increase compared to the Sensex's 3.48% rise. Similarly, over the past quarter, the stock has risen 47.56% while the Sensex has decreased by 1.63%. Over the course of a year, the stock has seen a significant increase of 188.14% while the Sensex has only risen by 4.56%.
In terms of technical analysis, the stock's daily RSI currently stands at 80.05, with the RSI typically being viewed as overbought when above 70 and oversold when below 30. On the daily chart, the stock is currently trading above its 50-day, 100-day, and 200-day simple moving averages, which are placed at 240.46, 224.85, and 185.88, respectively. These levels are expected to serve as crucial support zones in the near future.
Titagarh Wagons is the largest private sector manufacturer of railway coaches (EMUs, MEMUs) and the largest wagon maker (other than railways).
On a consolidated basis, Titagarh Wagons' net profit surged to Rs 32.55 crore in Q3 FY23, up from Rs 1.47 crore in the same period previous year. Net sales increased 101.98% YoY to Rs 766.40 crore in Q3 FY23.
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