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

May 12, 2022

Texmaco Rail & Engineering Ltd stocks rally despite Thursday’s bearish market session after the announcement of receipt of work order.

As per the filing, the Company has received an order for 20,067 wagons valuing Rs 6,450 crore approx. (to be executed over a period of thirty-nine months) against the recent Railway tender for wagons issued by the Indian Railways.

At around 11:43 AM, Texmaco Rail & Engineering was trading at Rs 48.30 apiece up by Rs 1.5 or 3.21% from its previous closing of Rs 46.80 apiece on the BSE.

The scrip opened at Rs 46.05 and has touched a high and low of Rs 48.75 and Rs 46.05 respectively so far today. The current market cap of the company is Rs 1,506.35 cr.