Titagarh Wagons gained 3.33% to Rs 118.05 at 10:55 IST on BSE after the company reported net profit of Rs 5.24 crore in Q2 September 2016 compared with net loss of Rs 0.53 crore in Q2 September 2015.
The result was announced after market hours yesterday, 14 December 2016.Meanwhile, the BSE Sensex was up 101.62 points, or 0.38%, to 26,694.47.
On the BSE, so far 69,532 shares were traded in the counter, compared with average daily volumes of 1.49 lakh shares in the past one quarter. The stock had hit a high of Rs 118.05 and a low of Rs 115.10 so far during the day.
Titagarh Wagons' net total income from operations rose 19.53% to Rs 103.82 crore in Q2 September 2016 over Q2 September 2015.
Titagarh Wagons designs and manufactures wagons such as container flats, grain hoppers, cement wagons, clinker wagons, tank wagon under the French brand Arbel Fauvet Rail. Titagarh also manufacturers cast steel bogies and couplers for freight application.
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