Multibagger Stock: This Railway Stock Gives 1200 Percent Return

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Multibagger Stock: The Indian stock market is currently witnessing a record boom. It has set new highs several times during the last two weeks. On Friday, the BSE Sensex closed above 66,000 for the first time. It is natural that the search for multibagger shares in the market has intensified as soon as the market bounces back. Today we are back with a different multibagger story.

This is the story of one such multibagger stock, which is directly linked to railways. This stock has also shown such a boom that everyone has remembered the speed of the bullet train. However, the interesting thing is that the secret behind this stock’s rally is not only linked to the bullet train but also to the Vande Bharat train. The stock story we are going to share with you today is Titagarh Rail Systems, a coach manufacturing company for railways.

Cumulative returns in 3 years

The BSE Sensex has gained nearly 83 percent in the last 3 years. If we talk about the shares of Titagarh Rail Systems, its shares have seen a tremendous rally of 1,234 percent in the last 3 years. Its price has increased by 638 percent in the last 2 years. Its one-year return is 333 percent. It has increased by 137 percent so far this year.

The recent boom

Shares of Titagarh Rail Systems rose 1.38 percent to Rs. 537.60 was closed. Last week it saw an increase of about 10 percent. Its price has increased by more than 15 percent in the last one month. Currently, the stock is trading near its 52-week high of Rs 543.

The company manufactures this product

This company manufactures various types of coaches for railways. Which includes passenger coaches, goods carriages, metro train coaches. Apart from this, the company manufactures electrical and steel castings of trains for bridges and ships. The company has recently received an order to manufacture coaches for the Vande Bharat train.

Disclaimer: The information provided here is for information only. Investing in the market is based on risk. As an investor, always consult an expert before investing money. ABPLive.com never advises to invest any money.

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