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

Shares of Texmaco Rail & Engineering Ltd., Ircon International Ltd., Titagarh Rail Systems, and other railway stocks declined on Saturday, after the centre made no mention of the sector during the Union budget 2025–26, led by Finance Minister Nirmala Sitharaman. The sector was allocated Rs 2.55 lakh crore for the upcoming, marking a meagre 0.02% upside from the allocation for the current fiscal, leading to dim investor sentiment and a selloff in railways stock.

Titagarh, RVNL, RailTel, IRFC lead gains

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.

Texmaco Rail acquires Jindal Rail for Rs 615 crore, becoming India's largest wagon producer with strategic expansion plans.

Railway stocks including Railtel Corporation of India, Ircon International, and IRFC are surging to new highs as the market anticipates the Modi 3.0 government's budget announcement on July 23.

Among the above-mentioned peers, RVNL is followed by Ircon International with a market capitalization of Rs 29,179.5 crore, Jupiter Wagons and Titagarh Rail Systems with a market cap of Rs 28,965.69 crore and Rs 23,920.08 crore respectively.

The GoI is focusing on improving the railway infra and ensures faster development and completion of tracks, rail electrification, rolling stock manufacturing and delivery of passenger freight services

Texmaco Rail share price: The stock was last seen trading 5.93 per cent higher at Rs 217.90. At this price, Texmaco Rail has gained 25.34 per cent on a year-to-date (YTD) basis.

The Indian Railways' fast-track approach and the government's push for Atmanirbhar Bharat have catalysed to chart new frontiers

Stocks to watch: Check out the companies making headlines before the opening bell today, on March 28, 2024.

Stocks to watch: Check out the companies making headlines before the opening bell today, on February 23, 2024.

A long build-up was seen in 98 stocks, which included ABB India, Eicher Motors, Siemens, Maruti Suzuki India and Oracle Financial Services Software

Paytm Payments Bank directed to stop accepting deposits, Infosys collaborates with Musgrave, automobile companies announce sales figures, and more.

Stocks to watch: Check out the companies making headlines before the opening bell today, on December 15, 2023.

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A short build-up was seen in 61 stocks, including HDFC Bank, LTIMindtree, L&T Technology Services, Bata India and Gujarat Gas. An increase in OI along with a price fall indicates a build-up of short positions.

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Buzzing stocks: HDFC, TVS Srichakra, Zydus Lifesciences, Brightcom group, Godrej Properties, Texmaco Rail, Indramani Biotech, Sona BLW Precision, Angel One, Hathway, Just Dial, Morganite Crucible, Network18, Quick Heal Tech, TV18Broadcast