Texmaco Rail Bags 1374 Cr Order From Ministry of Railways, Shares Gain 511% In 2-Yrs

Multibagger engineering sector company Texmaco Rail & Engineering Ltd shares gained 4.93% in trade today after the company bagged order worth Rs 1134.41 crore from Ministry of Railways on December 20. Last trading price of Texmaco Rail & Engineering share on BSE is Rs 171.50 apiece. Texmaco Rail shares BSE offered return of 136% in last 6-months and soared 550% in last 3-years. Check details below:

Texmaco Rail & Engineering Bags Order From Railway Board: According to the BSE filing of the company dated December 20, 2023, "With reference to our intimation dated 14th December, 2023, we write to inform you that the Ministry of Railways (Railway Board) vide its Letter of Acceptance no. No.2023/RS(I)/954/7 TC has awarded an order to the Company for manufacture and supply of 3,400 BOXNS wagons (out of which 1st tranche of 1133 wagons to be executed by 31st December, 2024, 2nd tranche of 1133 wagons to be executed by 30th June, 2025 & 3rd tranche of 1134 wagons to be executed by 31st December, 2025) valuing Rs. 1374.41 crores approx."

Texmaco Rail Stock Outlook & Return: The stock's 52-week high price is Rs 188.95 per share and 52-week low price is Rs 40.49 per share, respectively. Its market capitalisation is Rs 6,574.25 crore. Texmaco Rail shares gained 196% year-to-date, soared 209% in last 1-year, gained 511% in last 2-years, and surged 550% in last 3-years.

Texmaco Rail Financials: The company reported 70% YoY surge in its consolidated net profit to Rs 20 crore for the quarter ended September 2023. The company's consolidated total income soared 64% to Rs 805 crore. Its gross revenue from the segment soared more than 3-fold to Rs 616 crore in Q2 FY24 as against Rs 192 crore in the year ago period.

About: Texmaco Rail & Engineering Ltd is a premier multi-discipline, multi-unit Engineering and Infrastructure Company, with 6 manufacturing units extending over 6.78 million sqft. It is involved in the business of manufacturing of Rolling Stock, such as Wagons, Coaches, EMUs, Loco shells & parts, etc., Hydro Mechanical Equipments, Steel Castings, Rail EPC, Bridges and other steel structures. Over the years, the Company has entered into technical collaborations with renowned Multinationals of Japan, U.S.A, U.K, Germany, Australia, Austria, Holland, etc. for developing and expanding its product portfolio.

Disclaimer:

The stock highlights the rally in shares after order win and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on the stock mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.