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Texmaco Rail & Engineering bags order worth Rs6,450 crore for 20,067 wagons; Stock rises 3%


Texmaco Rail & Engineering Ltd shares rally regardless of Thursday’s bearish market session after the announcement of receipt of labor order.

As per the submitting, the Firm has obtained an order for 20,067 wagons valuing Rs6,450 crore approx. (to be executed over a interval of thirty-nine months) in opposition to the current Railway tender for wagons issued by the Indian Railways.

At round 11:43 AM, Texmaco Rail & Engineering was buying and selling at Rs48.30 apiece up by Rs1.5 or 3.21% from its earlier closing of Rs46.80 apiece on the BSE.

The scrip opened at Rs46.05 and has touched a excessive and low of Rs48.75 and Rs46.05 respectively thus far right now. The present market cap of the corporate is Rs1,506.35cr.



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