Titagarh Rail Systems shares rose 3% after securing a Rs 467.25 crore LoI from GRSE to build two research vessels for the Geological Survey of India. The project, to be completed in 28 months under Indian Register of Shipping norms, comes as the company struggles with stock weakness—down 23% YTD despite a brief six-month recovery.
Originally published by The Economic Times https://economictimes.indiatimes.com/markets