Best Multibagger Stock: This railway-related stock has run so fast in the stock market that investors have remembered the bullet train. Although the connection of this tremendous speed is with Vande Bharat…
The Indian stock market is currently doing a record rally. During the last two weeks, it has made new high level records several times. On Friday, the BSE Sensex closed above the 66,000 mark for the first time.
It is natural that as soon as the market rally comes back, the search for multibagger shares in the market has intensified. Today we have come again with a different multibagger story.
Share story of this company
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 bullet train.
However, the interesting thing is that the secret of the rally of this stock has not only been linked to the Bullet train but also to the Vande Bharat train. The story of the stock we are going to tell you today belongs to Titagarh Rail Systems, a company that manufactures coaches for railways.
Witness such a rally
During the last 3 years, the BSE Sensex has gained about 83 per cent. On the other hand, if we talk about the shares of Titagarh Rail Systems, its shares have shown a tremendous rally of 1,234 percent during the last 3 years. At the same time, its price has increased by 638 percent in the last 2 years. Its one-year return is 333 percent. So far this year it has climbed 137 per cent.
Recent boom
On Friday, Titagarh Rail Systems shares closed at Rs 537.60, up 1.38 per cent. Last week it saw a rise of about 10 percent. At the same time, its price has increased by more than 15 percent during the last one month. Currently, this stock is trading near its 52-week high, which is Rs 543.
Company manufactures this product
This company manufactures different types of coaches for the railways. These include passenger coaches, goods carriages, metro train coaches. Apart from these, the company manufactures electricals and steel castings of trains to bridges and ships. The company has recently received orders for making coaches for the Vande Bharat train.
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