Titagarh Wagons on wild ride!

Titagrah Wagons is currently down over 3% but it has been having a roller coaster of a ride since morning. After hitting a new 52-week high at Rs.342, the stock then went on to breach the lower circuit at Rs.314.05, with volumes up almost 2 times.

This ‘railway’ stock is today a victim of the Railway Budget. Expectations of positive sops pushed up the stock to a new high. Safety, world class stations, semi and hi speed trains, network linking all four metros are some of the things expected from the Budget. But since then, the stock prices have tempered down, almost like taking a breather before it begins the ride once again post noon, when the Budget gets announced.