Titagarh Wagons witnessed a rise in share price on Tuesday after the company has received Letter of Intent (LoI) from the National Institute of Ocean Technology under the Ministry of Earth Sciences, Government of India for design, construction and delivery of two Coastal Research Vessels valued at about Rs 1 billion.

The above order is in consolidation of the order book position of the Shipbuilding vertical of the company.

Shares of Titagarh Wagons are trading at Rs 114.80, up Rs 4.7, or 4.27% at the Bombay Stock Exchange (BSE) on Tuesday at 9:33 a.m.

The scrip has touched an intra-day high of Rs 117.40 and low of Rs 114.45. The total volume of shares traded at the BSE is 169,338.

Total volume of shares traded on the bourses today was lower by 43.22% to 1,069,954 compared with 22-day average volume of 1,884,303.