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The Economic Times

Veer Sharma

Titagarh, Jupiter Wagons shares rally up to 10% amid reports of Rs 40,000 crore order from Indian Railways

Jupiter Wagons Indian Railways Railways Jupiter India Titagarh Rail Systems Jefferies Texmaco Rail Titagarh Rail

Shares of railway companies Jupiter Wagons, Titagarh Rail Systems and Texmaco Rail & Engineering rallied as much as 10% on Monday after a report said Indian Railways is preparing to launch a mega Rs 40,000-crore tender to procure 1 lakh freight wagons over the next three to four years.

Jupiter Wagons shares soared 10% to their day’s high of Rs 304 on the BSE, while Titagarh Rail Systems rose 9% to Rs 827.50. Texmaco Rail rose over 6% to Rs 115 apiece.

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