New Delhi: Volatility has been continuing in the stock market for the last 3 months. After a good rise on Friday, trading started at a flat level on Monday. In such a situation, this period of the market is proving to be very challenging. Investors are facing difficulties before taking any step. At the same time, in this period of the market, the brokerage has started its coverage on some selected stocks and has expressed the possibility of good growth in them, which also includes the name of multi-bagger stock Titagarh Rail.
 

HSBC downgraded

Global brokerage HSBC has downgraded the share price of Titagarh Rail System, a popular stock among investors. HSBC reduced its target price from Rs 1,980 to Rs 1,425. However, the latest target price represents an 18% gain from the previous session's price of Rs 1,205. The metro rolling stock contract secured after the recent Maharashtra elections presents a strong opportunity pipeline for the company. However, the execution of ongoing metro and Vande Bharat orders has been slower than initially anticipated, leading to a reduction in estimates. Hence, HSBC has reduced its target price based on these lower estimates and revised valuation multiples.

Shares fell today

Let us tell you that on Monday, the shares of Titagarh Rail were trading at Rs 1,193.80 at 12:55 pm, down by about 1 percent. During the last one month, this stock has gained 1.5 percent. At the same time, it has declined by 20 percent in a period of 6 months. At the same time, it has given a return of 20 percent in one year. Talking about five years, it has given a multi-bagger return of more than 150 percent.