“Titagarh Wagons Ltd” is the latest Mid Cap offerings from the boutique of the Railway
counters which posted an impressive upside in the previous December of 2010. However,
after showing a constant & gradient upside of nearly 55%-60% prior to the fall, the sector as
a whole were beaten down.
In this cyclical pick, with a “Top Down” approach, charts point towards an outperformance
rating to this counter among all its peers. At the CMP of 423, the price targets which could be
envisaged will be the range of 555-525 in the coming 6-8 weeks time frame.
“Titagarh Wagons Ltd” is the latest Mid Cap offerings from the boutique of the Railway
counters which posted an impressive upside in the previous December of 2010. However,
after showing a c…