The announcement was made after market hours on Thursday, 4 April 2013.

Meanwhile, the BSE Sensex was down 14.60 points, or 0.08%, to 18,495.10.

On BSE, 1,965 shares were traded in the counter as against an average daily volume of 41,166 shares in the past one quarter.

The stock hit a high of Rs 182.95 and a low of Rs 178 so far during the day. The stock had hit a 52-week high of Rs 392.95 on 13 December 2012. The stock had hit a 52-week low of Rs 158.60 on 22 March 2013.

The stock had underperformed the market over the past one month till 4 April 2013, sliding 2.70% compared with the Sensex's 1.95% fall. The scrip had also underperformed the market in past one quarter, falling 52.50% as against Sensex's 6.44% fall.

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

Titagarh Wagons' net profit declined 42.35% to Rs 8.97 crore on 22.81% growth in net sales to Rs 153.63 crore Q3 December 2012 over Q3 December 2011.

Titagarh Wagons is one of the leading private sector wagon manufacturers in India. The company is engaged in the business of manufacturing railway wagons, EMU (rail coaches), bailey bridges, heavy earth moving and mining equipment, steel and SG iron castings of moderate to complex configuration etc. As an 'Industry Partner' to the Defence Research and Development Establishment, Ministry of Defence, the company also manufactures other products for the Indian Defence establishment, such as special wagons, shelters and other engineering equipments.