New Delhi. On Wednesday, October 16, 2024, Morgan Stanley Asia Singapore Pte made a significant investment in Titagarh Rail Systems Limited, where it bought 7.63 lakh shares. The investment was made on the National Stock Exchange (NSE) at an average price of Rs 1,120 per share, totaling Rs 85.5 crore. In another deal on the same day, Smallcap World Fund Inc. sold 7.90 lakh shares of Titagarh at a slightly higher rate, earning them Rs 88.6 crore.

In recent weeks, the company's shares have gained 8.18%, while in the last three months, the stock has declined by 31.28%. Titagarh Rail Systems Limited specializes in advanced rail solutions, manufacturing semi-high speed trains and special types of wagons through state-of-the-art facilities located in India and Italy. The day after this investment, Titagarh's shares saw a surge, and it closed at Rs 1,171.05 on October 17, 2024, a sharp rise of 3.41%.

How the shares rose today
Today the shares of Titagarh Rail System started trading at Rs 1170. After this, it reached Rs 1208. By the end of the market, the shares of Titagarh Rail System rose 2.22 percent to close at Rs 1196 on NSE.

About the Company
Titagarh Rail Systems Limited is a leading mobility solutions provider manufacturing a wide range of passenger and freight rail systems. It has state-of-the-art manufacturing units in India and Italy where it manufactures semi-high-speed trains, metros, specialty and specialty wagons. This investment by Morgan Stanley indicates a positive outlook towards the company, reflecting its continued growth.