Titagarh Rail Systems Limited
Mirae Asset Mutual Fund increased its stake in Titagarh Rail Systems Limited from 1.09% to 1.31%, raising its shareholding from 14,62,411 to 17,61,101 shares.
A manufacturer of railway equipment serving domestic and export markets, Titagarh Rail produces freight wagons, passenger coaches, metro trains, and train electrical systems. The company also manufactures steel castings, specialized equipment, bridges, and ships. Its diversified portfolio across rail infrastructure and transport solutions positions it as a vertically integrated player in India's railway manufacturing sector since its incorporation in 1997.
Indian arm of South Korea's Mirae Asset Global Investments, one of Asia's largest asset managers. Manages over Rs 2.5 lakh crore in India across equity and hybrid funds. CIO Neelesh Surana has built a reputation for rigorous bottom-up stock selection with a long-term quality growth bias. Mirae Asset Emerging Bluechip Fund built a cult following before being closed to fresh investments due to size.