Texmaco Rail picks speed
By Ruma Dubey
about 9 days ago
Texmaco is doing pretty well today morning; from its close of Rs.147.40, the stock opened at Rs.150.70 and rose further to an intraday high at Rs.152.90.
The reason? Receipt of another new order. This is a Rs.87 crore order from Ultra Tech Cement for supplying BCFC wagons along with brake van, to be delivered by March’26.
Prior to this, last week the company had received another order, Rs.129 crore worth from Rail Vikas Nigam with a 18 months completion timeline.
Earlier this year, revenue had declined 16% YoY (Q1 FY26) and profit dropped 50%. So while this new order helps, it has to be part of a larger set of orders + cost control to materially improve performance.
138.75 (-2.50)