Bulk deal alert: Morgan Stanley Asia buys 7.63 lakh shares in this multibagger railway stock

In a significant move, Morgan Stanley Asia Singapore Pte has acquired a stake in Titagarh Rail Systems through a bulk deal during the previous trading session. The investment firm purchased 763,738 shares, representing a 0.57% stake in the company, at an average price of Rs 1,120 per share. This acquisition amounts to a total investment of Rs 85.5 crore. Concurrently, Smallcap World Fund Inc divested a 0.59% stake in Titagarh Rail Systems at an average price of Rs 1,120.12 per share, totaling Rs 88.6 crore.

Following these transactions, the stock of Titagarh Rail Systems saw a slight dip, closing 1.27% lower at Rs 1,132.45 on Wednesday. The company's market capitalization currently stands at Rs 15,251 crore. The trading session witnessed a turnover of Rs 88.68 crore with 790,000 shares changing hands.

Over the past three years, Titagarh Rail Systems has delivered impressive returns, with a staggering 1,019% increase. In the last two years alone, the stock has surged by 603%. The stock hit its 52-week low of rS 703.80 on August 18, 2023, and reached a record high of Rs 1,896.50 on June 27, 2024.

The stock has a one-year beta of 0.7, indicating low volatility. The relative strength index (RSI) of the stock is 37.2, suggesting it is neither in the overbought nor oversold zone. Currently, Titagarh Rail Systems shares trade below their 20-day, 30-day, 50-day, 100-day, 150-day, and 200-day moving averages, but remain above the 5-day and 10-day moving averages.

Titagarh Rail Systems specializes in the manufacturing and sale of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialized equipment, bridges, and ships. The company operates through three main segments: freight rolling stock, passenger rolling stock, and shipbuilding, bridges & defence.

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