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Shares of Titagarh Wagons Ltd. rose the most in over three weeks after its profit more than doubled in the fourth quarter.
The company's net profit jumped 114% year-on-year to Rs 48 crore in the quarter ended March, according to an exchange filing. The profit was aided by no loss from the discontinued operations of its subsidiaries, Titagarh Firema, Tiagarh Wagons AFR France, and TSPL.
In the past three years, the scrip has zoomed 785 percent while it has jumped 180 percent in the past year. The wagon maker’s scrip hit its 52-week high of Rs 310 on April 12, reacting to the announcement of an order win