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Railway stock jumps 4% after it delivers India’s first driverless trainset to Bengaluru metro’s yellow line

Railway stock delivered a driverless Made-in-India trainset for Bengaluru Metro’s Yellow Line on January 6, 2025, enhancing urban mobility and highlighting India’s growing role in global railway manufacturing.
Railway stock delivered a driverless trainset for Bengaluru Metro, boosting mobility and India’s global railway prominence.
Railway stock delivered a driverless trainset for Bengaluru Metro, boosting mobility and India’s global railway prominence.

Introduction:

Railway stock achieved a milestone on January 6, 2025, by delivering a driverless Made-in-India trainset for Bengaluru Metro’s Yellow Line, enhancing urban mobility and showcasing India’s growing prominence in global railway manufacturing.

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Share Price movement of Titagarh Rail Systems:

On January 6, 2025, Titagarh Rail Systems Ltd opened at ₹1,102.95, reaching an intraday high of ₹1,148.95 and a low of ₹1,094.10. The current price is ₹1,121.05, up 3.04% from the previous close of ₹1,087.95, with a market cap of ₹15,097.60 crore.

Titagarh Rail Systems share price rise:

Titagarh Rail Systems Ltd delivered its first Made-in-India driverless trainset to Bengaluru Metro’s Yellow Line on January 6, 2025. The stainless steel, automated trainset will operate on the crucial 18-km stretch connecting Electronics City to the rest of Bengaluru.

This milestone highlights Titagarh’s position as a leading manufacturer of world-class trains and reinforces India’s emergence as a global hub for railway manufacturing. The trainset, produced at Titagarh’s Metro Manufacturing Facility in Uttarpara, West Bengal, showcases the company’s innovation and commitment to advancing urban mobility in India.

The event, attended virtually by Shri Manohar Lal, Hon’ble Minister for Housing and Urban Affairs, celebrated the rollout of the Bengaluru Metro Yellow Line. It underscores Titagarh’s growing manufacturing capabilities and its dedication to revolutionizing urban transportation in India.

Also Read: PSU stock jumps after company’s board approves Maharashtra Natural Gas

Recent news About Titagarh Rail Systems:

On January 7, 2025, Titagarh Rail Systems Limited submitted a certificate under SEBI Regulation 74(5) for the quarter ending December 31, 2024, received from Maheshwari Datamatics Private Limited, its Registrar and Share Transfer Agent.

Stock performance of Titagarh Rail Systems for Period of 1 week, 6 months and 1 year:

Titagarh Rail Systems’ stock exhibited mixed performance over different periods. It declined by 1.53% in the past week and 36.4% over six months but achieved a modest gain of 7.96% over the past year, reflecting long-term potential despite short-term challenges.

Also Read: Stock under ₹2 jumps 4.3% after it receives mega projects status for its manufacturing facility

Shareholding pattern of Titagarh Rail Systems:

All values in %Sep-24Jun-24Mar-24
Promoters40.4640.4642.46
FII16.3219.5617.27
DII13.9414.1313.72
Retail & others29.2625.8426.54
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About Titagarh Rail Systems:

Titagarh Rail Systems is a leading manufacturer of rolling stock, specializing in passenger and freight trains. Known for innovation and quality, it supports urban mobility and infrastructure with advanced trainsets, enhancing India’s position in global railway manufacturing.

Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time The securities quoted are exemplary and are not recommendatory.

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