Shares of the wagon maker jumped 25.44% in four trading sessions from its recent closing low of Rs 636.15 on 18 August 2023.

The stock hit its an all time high of Rs 813 today. The counter has zoomed 484.83% from its 52-week low of Rs 136.45 hit on 28 September 2022.

On the BSE, 1.86 lakh shares were traded in the counter so far compared with average daily volumes of 99,416 shares in the past two weeks.

The scrip had outperformed the market in past one month, advancing 25.87% as against 1.71% decrease in Sensex.

The scrip outperformed the market in past one quarter, surging 145.99% as against Sensex's 5.63% rise.

The counter had outperformed the market in past one year, soaring 423.45% as against Sensex's 10.44% surge.

On the technical front, the stock's daily RSI (relative strength index) stood at 80.109. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50 day, 100-day and 200-day simple moving average (SMA) placed at 582.33, 458.45 and 333.96, respectively. These levels will act as crucial support zones in near term.

Titagarh Rail Systems (formerly known as Titagarh Wagons) is the largest private sector manufacturer of wagons and an established player in passenger coaches.

The company reported a standalone net profit of Rs 67.57 crore in Q1 FY24, steeply higher than Rs 23.02 crore posted in Q1 FY23. Revenue from operations zoomed 110% to Rs 910.76 crore in the Q1 FY24 from Rs 433.71 crore recorded in the corresponding quarter previous year.