Meanwhile, the S&P BSE Sensex was down 182.83 points or 0.62% at 29,279.44.

On BSE, so far 1.59 lakh shares were traded in the counter as against average daily volume of 1.33 lakh shares in the past one quarter.

The stock hit a high of Rs 573 so far during the day, which is a 52-week high for the counter. The stock hit a low of Rs 555 so far during the day. The stock had hit a 52-week low of Rs 93 on 21 February 2014.

The stock had outperformed the market over the past one month till 19 February 2015, surging 64.74% compared with Sensex's 4.25% rise. The scrip had also outperformed the market in past one quarter, jumping 89.34% as against Sensex's 5.1% 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.