News for Texmaco Rail & Engineering Limited (TEXRAIL.BO)

AIIB invests in Aditya Birla Capital, Sumitomo Mitsui seeks stake in Yes Bank, Mangalam Seeds to sell property.

Texmaco Rail & Engineering secures ₹535 crore order for wagons in Cameroon, eyes growth in African and South American markets.

Texmaco Rail & Engineering has won a Rs 44.04 crore order from MRVC for a traction infrastructure project on the Central Railway, to be completed in 18 months. In Q4, revenue rose 17.5% YoY to Rs 1,346.4 crore, but net profit dipped 12% to Rs 40 crore. The stock has gained 32.5% in three months and trades near overbought levels.

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Texmaco Rail & Engineering shares: The first is a ₹140.55 crore order from the Ministry of Railways for advanced multi-purpose wagons, and the second is an MoU with RVNL to promote sustainable freight via new-age wagon technology.

Railway stocks fell sharply on Tuesday amid broad market weakness and profit booking, following a sharp rally in recent sessions. Shares of RITES, Titagarh Rail Systems, and Jupiter Wagons led the decline. The fall comes after strong gains driven by optimism over resumed railway orders and sector-specific ETFs delivering over 16% returns last week.

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Texmaco Rail & Engineering shares rose 5.69% to Rs 145.75 on BSE in early deals today. Market cap of the firm rose to Rs 5,776 crore.

BSE Smallcap fell 2% last week, with 821 stocks declining up to 43%. Market sentiment remained weak due to US recession fears and tariff wars. Notable laggards included BMW Industries, Triveni Turbine, Orchid Pharma, and Coffee Day Enterprises.

They included names such as BEML Ltd, Cyient DLM Ltd, IRCON International, Mastek Ltd, Karnataka Bank Ltd, Titagarh Rail Systems Ltd and VIP Industries Ltd.

Texmaco Rail & Engineering has signed an MoU with Polish firm Nevomo to develop AI-driven next-generation rail technologies, focusing on Magrail, linear propulsion, and driverless systems. This partnership aims to boost rail efficiency, capacity, and modernize infrastructure globally. A dedicated R&D center will be set up in the GCC region.

Stocks including NTPC, LIC of India, ONGC, Biocon, SBI Life, UPL, Shree Cement, SBI Cards, IREDA and Welspun Corp will be in the spotlight on Tuesday, February 25.

Jupiter Wagons stock rose 8.7% to Rs 325.60 against the previous close of Rs 299.30 on BSE.

Jupiter Wagons said its board has approved raising of funds, aggregating up to Rs 3,000 crore through qualified institutions placement.

PSUs, defense, and railway stocks have shown mostly negative returns in the fortnight before the budget over the last six years. PSU stocks performed poorly in five out of six budgets, while railway and defense stocks have also been lackluster, except during the 2024 interim budget.

Indian equity benchmarks took a breather today after witnessing a sharp cut in the previous session. Domestic indices staged a mild recovery led by gains in metals, pharma, healthcare and energy stocks.

CARE upgrades Texmaco Rail & Engineering's credit ratings, indicating improved creditworthiness with ongoing assessment for future developments.

The multibagger railway stock fell to its 52 week low of Rs 141.85 on March 13, 2024. Texmaco Rail stock ended 0.83% higher at Rs 231 in the current session, rising 63.08% in nine months in 2024.