Texmaco Rail & Engineering shines on investing in Texmaco Middle East DMCC
Texmaco Rail & Engineering is currently trading at Rs. 143.85, up by 5.95 points or 4.31% from its previous closing of Rs. 137.90 on the BSE.
The scrip opened at Rs. 137.55 and has touched a high and low of Rs. 145.75 and Rs. 137.00 respectively. So far 294029 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 296.60 on 12-Jul-2024 and a 52 week low of Rs. 122.60 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 145.75 and Rs. 123.80 respectively. The current market cap of the company is Rs. 5762.32 crore.
The promoters holding in the company stood at 48.14%, while Institutions and Non-Institutions held 16.58% and 35.28% respectively.
Texmaco Rail & Engineering has invested into a wholly-owned subsidiary company namely ‘Texmaco Middle East DMCC’ (Texmaco MED). The objective of investment is to explore additional opportunities in sectors to supplement the businesses of Parent Company.
Earlier, the company has entered into a strategic Memorandum of Understanding (MoU) with Nevomo.
Texmaco Rail & Engineering is a private engineering and infrastructure company based in India. It is primarily engaged in the business of manufacturing railway wagons, coaches, and locomotives, as well as providing related services.
