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The Economic Times

Veer Sharma

Jefferies raises Titagarh Rail target price by 23%. Check upside potential and key triggers

Jefferies Titagarh Titagarh Rail Titagarh Rail Systems Indian Railways

Shares of Titagarh Rail Systems gained nearly 3% to hit the day's high of Rs 857 on the BSE on Wednesday after Wall Street major Jefferies raised the target price to Rs 990 from Rs 810, implying an upside of 19% from current market levels.

With a Buy rating, the international brokerage raised the target by 23%. Jefferies said Titagarh Rail Systems delivered a stronger-than-expected quarter, and improving execution is likely to drive a re-rating of the stock going forward.

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