Capital Goods-Non Electrical Equipment
Railways
from 831 today
Titagarh Rail Systems Ltd reported its 1QFY27 result below our estimates led by lower-than-expected delivery of wagons, while the PRS segment reported strong growth driven by metro ramp-up. We anticipate robust earnings growth driven by steady freight revenue, robust growth from Metro and Vande Bharat, and strategic JVs to enhance the value chain, and recommend BUY with a target price of Rs.1,000.
Ratings and target prices as published by each firm. Each summary condenses that firm's stated view in its own note and is attributed to it; no report text is reproduced.
