The announcement was made during market hours today, 15 April 2015.

Meanwhile, the S&P BSE Sensex was down 60.71 points or 0.21% at 28,983.73.

On BSE, so far 62,000 shares were traded in the counter as against average daily volume of 3.62 lakh shares in the past one quarter.

The stock hit a high of Rs 607 and a low of Rs 592.50 so far during the day. The stock had hit a 52-week high of Rs 873 on 10 March 2015. The stock had hit a 52-week low of Rs 123.75 on 11 April 2014.

The stock had underperformed the market over the past one month till 13 April 2015, sliding 23.08% compared with Sensex's 1.9% rise. The scrip had, however, outperformed the market in past one quarter, galloping 90.42% as against Sensex's 5.9% rise.

The small-cap company has equity capital of Rs 20.06 crore. Face value per share is Rs 10.

Titagarh Wagons reported a net profit of Rs 9.17 crore in Q3 December 2014 compared with net loss of Rs 3.74 crore in Q3 December 2013. Net sales rose 230.1% to Rs 102.62 crore in Q3 December 2014 over Q3 December 2013.

Titagarh Wagons is one of the leading private sector manufacturers of wagons and coaches in India.