Stock of this railway wagon company has zoomed over 800% in 20 months

Shares of Titagarh Rail Systems Limited (TRSL) rose 9 per cent to Rs 866 on the BSE in intraday trade on Friday after the company signed a Rs 350 crore contract with Gujarat Metro Rail Corporation Limited (GMRC) for the Ahmedabad Metro Rail Phase -II project.

The rail wagon manufacturer’s stock had touched an all-time high of Rs 867 on Thursday, October 19. Over the past year, TRSL’s market price has risen 438 percent, compared to 10.5 percent per month.