Titagarh Wagons

This is one of India’s leading private sector maker of wagons and coaches in India and one of the major movers and shakers before, during and after the Railway Budget. The company’s performance for Q3FY15 was better with net sales rising over 3 times at Rs.103 crore despite a 50% increase in excise duty outgo. EBITDA was at Rs.15 crore v/s loss of Rs.1 crore and net profit was at Rs.9 crore compared to loss of Rs.4 crore (YoY) and loss of Rs.10 crore in Q2.

The stock is in the limelight given the Railway Budget and the counter has been seeing profit booking over the past two days. The company is sure to be a beneficiary if the Budget announces building of new trains, modernization of existing building facilities and building of new wagons.