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Here's why Jefferies sees 32% upside on one railway stock but 22% downside in another

April 6, 2026
Source: cnbctv18.com cnbctv18.com
News Snapshot:
Brokerage firm Jefferies has initiated coverage on railway stocks Titagarh Rail Ltd., with a "buy" rating, and on Jupiter Wagons with an "underperform" rating in its latest note on Monday, April 6.For Titagarh Rail, Jefferies has a price target of ?810, which implies a potential upside of 32% from last Thursday's close, while for Jupiter Wagons, it has a price target of ?200, which implies a downside potential of 22% from current levels.Rail Mobility OutlookJefferies expects India's rolling stock capex to grow at a Compounded Annual Growth Rate (CAGR) of 10% between financial year 2026-2030. This will be led by...
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