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Railway stock jumps 9.5% after brokerage gives a target with 35% upside; Check the reasons

Railway stock jumps 9.5% after brokerage gives a target with 35% upside; Check the reasons

On Wednesday, the shares of India's largest wagon manufacturer and market leader with 30-35 percent market share rose 9.5 percent to a 52-week high of Rs 594.95 per share after brokerage recommended ‘buy’ rating. Titagarh Wagons Ltd manufactures railway wagons, naval ships for the armed services,mining and defence equipment,,The company serves domestic and international clients. [...]
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