Shares of Titagarh Rail Systems surged 7 percent to Rs 964 on February 5 following a management reshuffle and the launch of two new business verticals aimed at driving focused growth.
The company introduced Ship Building and Maritime Systems (SMS) and Safety and Signaling Systems (SSS) as part of its expansion strategy.
Titagarh has a history in shipbuilding and maritime projects, having designed and delivered specialised vessels, including a Fast Patrol Vessel for the Indian Coast Guard, a passenger ferry exported to Guyana, and Coastal Research Vessels like Sagar Tara and Sagar Anveshika.
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With the Indian government pushing for self-reliance (Atmanirbharta) in defense and maritime sectors, the company said that they are intensifying its efforts in this space. Its shipyard is already approved for warship building, with necessary registrations from the Indian Navy, Indian Coast Guard, Ministry of Earth Sciences, and Shipping Corporation of India.
Speaking on the development, Saket Kandoi, the newly appointed CEO of the Ship Building and Maritime Systems division, stated that Titagarh plans to expand its Kolkata-based shipyard, explore new growth opportunities, and establish strategic alliances while considering setting up additional, larger facilities.
Despite this rally, railway stocks have faced headwinds recently due to a lackluster Budget 2025 allocation. The government set aside Rs 2.52 lakh crore for Railways in FY26, similar to the previous year, leading to disappointment on the Street.
Over the past three months, Titagarh Rail Systems' stock has fallen over 21 percent, significantly underperforming the Nifty 50’s 1 percent decline during the same period.
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