Titagarh Rail Systems shares jumped more than 6% in morning trade after Morgan Stanley Asia Singapore Pte bought stake in the firm in a bulk deal in the previous trading session.
Morgan Stanley Asia Singapore Pte acquired a 0.57% stake, or 763738 shares, in the firm at an average price of Rs 1,120 per share. The stake purchase amounted to Rs 85.5 crore. Smallcap World Fund Inc, on the other hand, offloaded a 0.59% stake in the firm for an average price of Rs 1,120.12 per share, valued at Rs 88.6 crore.
As of 10:53 am, Titagarh Rail Systems shares were trading 5,75 % higher at Rs 1.198,10 on the NSE.
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