Texmaco Rail & Engineering shines on entering into Joint Venture Agreement with NYMWAG CS
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Texmaco Rail & Engineering is currently trading at Rs. 49.09, up by 1.11 points or 2.31% from its previous closing of Rs. 47.98 on the BSE.
The scrip opened at Rs. 48.74 and has touched a high and low of Rs. 49.19 and Rs. 48.67 respectively. So far 45845 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 65.30 on 29-Nov-2022 and a 52 week low of Rs. 36.65 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 49.22 and Rs. 44.75 respectively. The current market cap of the company is Rs. 1544.33 crore.
The promoters holding in the company stood at 58.38%, while Institutions and Non-Institutions held 8.87% and 32.74% respectively.
Texmaco Rail & Engineering has entered into a binding Joint Venture Agreement with NYMWAG CS on April 20, 2023, for the purpose of manufacture of freight wagon and/or its components or parts.
Texmaco Rail & Engineering operates in two business segments: heavy engineering division and steel foundry division. It manufactures a diverse range of products, such as railway freight cars, and hydro-mechanical equipment.
