Kamlesh Kotak of Asian Market Securities is of the view that one can buy Titagarh Wagons for long term.

Kotak told CNBC-TV18, "Titagarh Wagons is an excellent recent real estate company mainly into wagon manufacturing, and there are only hand full players in India and this commands a 20% market share. The company has got 18% of operating margin and 10% at net margin having come out with impressive numbers. The company’s IPO as you must be aware has come out at Rs 540 and the stock has gone up all the way to Rs 900."

He further added, "The company has got Rs 560 crore of top line against the order book for the next year is already Rs 750 crore, the company is growing at 30% plus, and have lined up significant expansions in the material handling equipments and defense related equipments also, we see good visibility for the company’s growth and it has also tied up for which they have just got the approval from the foreign investment board for setting up a JV for aluminum coal handling wagons, a niche play technology from America, our target for EPS for this company is Rs 60 for FY10, and on a PE basis of 16. We see the stock going in four figures in a year’s time so a highly fancy stock with lots of good quality invests also hiving in to that, so we recommend a long term buy on the stock."