Meanwhile, with the growing preference for a China+1 strategy globally, experts expect the government to extend the tax sops under production-linked incentive (PLI) schemes for new manufacturing companies.

Incorporated in 1997, Titagarh Wagons is a smallcap company operating in the engineering sector. It expands its global reach and presence through factories in India and Italy, catering to passenger rolling stock including trains and metros. Its key product range includes electric propulsion equipment such as traction motors and vehicle control systems

“Railway stocks are generally a tactical play. This means investors are buying these stocks as a short-term investment bet based on the anticipation of some announcement from the government,” said Awanish Chandra, Head of Equities, SMIFS.

“There is an anticipation of a significant slowdown in global economic growth next year and if that plays out, it is normally not so great for equities. Markets will become very selective and we need to buy the gainers of the commodity falls, avoid commodity sectors and avoid a lot of globally linked sectors also.”

As discussions around Budget 2023 have already started, the market is also speculating around announcements of new rail projects and divestment of government stake in some listed rail firms.

“Without getting into any specific names in the HFC space, it is the affordable housing segment where there is a large runway for growth given that penetration levels are lower and also competition from banks are significantly lower than what it is in the price mortgage space. Especially in the larger cities, there appears to be a significant runway for growth.”

Titagarh Wagons Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 1788.78 Crore) operating in Engineering sector.

“We have no doubt that India will be the top performing market in emerging markets. Already we are seeing the underperformance of China beginning to increase our weights in the emerging market index. This will be the trigger for flows to come back into India. One more correction could be the final one. India could be looking at a great outperformance over the next three years. ”

Speaking at a programme of private firm Titagarh Wagons here in Hooghly district, Banerjee asked the chief secretary to look into the idle land of sick automobile maker Hindustan Motors (HM) and consider taking it back as the state government wants to build an industrial zone there.

The Nifty Pharma index was trading 0.53 per cent up at 12781.0.

The stock started its journey of higher highs and higher lows from above Rs 40 levels recorded in March 2021 to January 2022, where it witnessed some profit-booking.Titagarh Wagons slipped below the crucial 50 and 200-DMA in February 2022 on daily charts but quickly created a base above Rs 75 on 24 February after which it bounced back sharply to climb above Rs 100.

The stock started its journey of higher highs and higher lows from above Rs 40 levels recorded in March 2021 to January 2022, where it witnessed some profit-booking.Titagarh Wagons slipped below the crucial 50 and 200-DMA in February 2022 on daily charts but quickly created a base above Rs 75 on 24 February after which it bounced back sharply to climb above Rs 100.

The equity shares of the company has commenced trading on the BSE and the NSE under the new ticker symbol JWL, the company said, adding that the business will have 38,74,47,419 shares at the exchange under the provisions of the amended merger agreement.

"The company has been a game-changer for our growth and enables us to enter the metro coach segment. As of now, we expect the Italian operation will be EBITDA positive in 2022-23 and the next year, we will be net positive," Titagarh Group vice-chairman and managing director Umesh Chowdhary told PTI.

Hindustan Engineering Industries, Commercial Engineer & Body Builders Co (CEBBCO) and Oriental Foundry are the other companies that got the contract, they said. The wagons need to be delivered by fiscal year 2025-26.

Titagarh Wagons has received the letter of acceptance for an order for manufacture and supply of 24,177 wagons from Indian Railways consisting of 19,854 BCNA Wagons and 4,323 BOXNHL Wagons, company said in a stock exchange filing.

This is being done in view of the spread of COVID variants that has affected the global supply chain system. The Centre has approved financial assistance for 47 vessels amounting to Rs 155 crore under the Shipbuilding Financial Assistance Policy (SBFA). The total contract value of these ships stands at Rs 850 crore.

In response to queries from ET, the shipping ministry said that 95 applications have been received till now seeking an in-principle approval for 170 vessels with contract value of Rs 2,620 crore.

This is follow-up on Titagarh Wagons. Can check link to related ideas. Target 2 achieved. More than 66%. Target 3 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

This is follow-up on Titagarh Wagons. Can check link to related ideas. Target 1 achieved. More than 48%. Target 2 is ON. Chart is self explanatory. Entry, Targets and Trailing Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Chart is self explanatory. Entry, Targets and Stop Loss are mentioned on the chart. Disclaimer: This is for demonstration and educational purpose only. This is not buying or selling recommendations. I am not SEBI registered. Please consult your financial advisor before taking any trade.

Titagarh Wagons Ltd., incorporated in the year 1997, is a Small Cap company (having a market cap of Rs 616.32 Crore) operating in Engineering sector.