{"id":95279,"date":"2023-03-15T12:45:00","date_gmt":"2023-03-15T07:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=95279"},"modified":"2023-03-15T12:41:32","modified_gmt":"2023-03-15T07:11:32","slug":"2-multibagger-railway-stocks-jump-up-to-10-and-hits-record-high-after-receiving-huge-order","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/2-multibagger-railway-stocks-jump-up-to-10-and-hits-record-high-after-receiving-huge-order\/","title":{"rendered":"2 Multibagger railway stocks jump up to 10% and hits record high after receiving huge order"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-588389151\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>A consortium of Ramkrishna Forgings Ltd (RKFL) and Titagarh Wagons Ltd (TWL) emerged as the L1 (lowest bidder) for the manufacture and supply of Forged Wheels under Aatma Nirbhar Bharat by the Ministry of Railways, as per the financial bid opening dated March 14, 2023.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1391338229\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>According to an exchange filing, the companies will supply around 15,40,000 wheels over a period of 20 (twenty) years. The companies are yet to receive the letter of award, but they said that it will be submitted to the exchanges when it is received.&nbsp;<\/p><p>The shares of <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/RKFORGE\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Ramkrishna Forgings<\/a><\/strong> soared 9.60% on Wednesday&#8217;s early trades to reach a record high of \u20b9 291.00 apiece. They were trading at \u20b9 286.60 apiece at 11:38 AM. Meanwhile, the shares of TWL also gained 4.17% on the National Stock Exchange (NSE) to reach an intraday high of \u20b9 251.00 apiece. Its shares were trading at \u20b9 249.90 apiece at 11:40 AM.\u00a0<\/p><h4 class=\"wp-block-heading\" id=\"h-multibagger-returns\"><strong>Multibagger returns&nbsp;<\/strong><\/h4><p>RKFL has provided multibagger returns to its shareholders as its share price increased from \u20b9 102.39 apiece to \u20b9 286.60. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares two years ago, the value of their holdings would have been \u20b9 2.80 lakhs today!&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-3631290003\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>Similarly, <strong><a href=\"https:\/\/portal.tradebrains.in\/stock\/TWL\/consolidated\" target=\"_blank\" rel=\"noreferrer noopener\">Titagarh Wagons\u2019s<\/a><\/strong> share price has increased from \u20b9 91.75 apiece to \u20b9249.90, giving multibagger returns of 172.37% in the past year. Therefore, if an investor would have invested \u20b9 1 lakh in the company\u2019s shares a year ago, the value of their holding would have been \u20b9 2.72 lakhs today!\u00a0<\/p><h4 class=\"wp-block-heading\"><strong>About the companies&nbsp;<\/strong><\/h4><p>Ramkrishna Forgings is engaged in the manufacturing and sale of forged components of automobiles, railway wagons &amp; coaches and engineering parts. It is a small-cap company with a market capitalization of \u20b9 4,239 crores.&nbsp;<\/p><p>Titagarh Wagons is engaged in the manufacturing and selling of freight wagons, passenger coaches, metro trains, train electricals, steel castings, specialised equipment &amp; bridges, ships and so on. It is a small-cap company with a market capitalization of \u20b9 2881 crores.&nbsp;<\/p><h4 class=\"wp-block-heading\"><strong>Written by Simran Bafna<\/strong><\/h4><h4 class=\"wp-block-heading\"><strong>Disclaimer<\/strong><\/h4><div class=\"wp-block-image\"><figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/02\/warning-disclaimer.png\" alt=\"\" class=\"wp-image-26306\" width=\"256\" height=\"256\"\/><\/figure><\/div><p><strong>The views and investment tips expressed by investment experts\/broking houses\/rating agencies on tradebrains.in are their own, and not that of the website or its management. Investing in equities poses a risk of financial losses. Investors must therefore exercise due caution while investing or trading in stocks. Dailyraven Technologies or the author are not liable for any losses caused as a result of the decision based on this article. Please consult your investment advisor before investing.<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1306877816\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>A consortium of Ramkrishna Forgings Ltd (RKFL) and Titagarh Wagons Ltd (TWL) emerged as the L1 (lowest bidder) for the manufacture and supply of Forged Wheels under Aatma Nirbhar Bharat by the Ministry of Railways, as per the financial bid opening dated March 14, 2023.&nbsp; According to an exchange filing, the companies will supply around [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":73343,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[31,1789],"tags":[7414,7415,7411,7413,7412,7418,7417,7419,7420,7416,948,936,3153,3157,2597,7421,7425,7423,7424,7422],"class_list":["post-95279","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-trending-news","tag-railway-industry","tag-railway-industry-latest-news","tag-railway-stock","tag-railway-stock-latest-news","tag-railway-stock-to-buy-in-2023","tag-ramkrishna-forgings-ltd-deals","tag-ramkrishna-forgings-ltd-latest-news","tag-ramkrishna-forgings-ltd-orders","tag-ramkrishna-forgings-ltd-share-price","tag-ramkrishna-forgings-ltd","tag-stock-market","tag-stock-market-news","tag-stock-to-buy","tag-stock-to-watch","tag-stocks-to-watch","tag-titagarh-wagons-ltd","tag-titagarh-wagons-ltd-deals","tag-titagarh-wagons-ltd-latest-news","tag-titagarh-wagons-ltd-orders","tag-titagarh-wagons-ltd-share-price"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2 Multibagger railway stocks jump up to 10% and hits record high after receiving huge order - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"According to an exchange filing, the companies will supply around 15,40,000 wheels over a period of 20 (twenty) years. 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