Titagarh Rail Systems shares slide over 5% as Q3 profit drops 16% YoY

Titagarh Rail Systems shares dropped 5.5% after reporting a 16% YoY decline in Q3 net profit to Rs 62.8 crore. Revenue and EBITDA also fell. The stock remains bearish, trading below key SMAs. Analysts maintain a 'Buy' rating, with a target price of Rs 1,538, implying a 91% upside.