Texmaco Rail soars on securing LoI worth Rs 253.28 crore
Texmaco Rail & Engineering is currently trading at Rs. 114.75, up by 5.30 points or 4.84% from its previous closing of Rs. 109.45 on the BSE.
The scrip opened at Rs. 112.00 and has touched a high and low of Rs. 114.80 and Rs. 111.95 respectively. So far 250590 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 189.00 on 26-Jun-2025 and a 52 week low of Rs. 78.15 on 30-Mar-2026.
Last one week high and low of the scrip stood at Rs. 114.95 and Rs. 106.00 respectively. The current market cap of the company is Rs. 4607.74 crore.
The promoters holding in the company stood at 48.34%, while Institutions and Non-Institutions held 13.00% and 38.66% respectively.
Texmaco Rail & Engineering has secured Letter of Intent (LoI) worth Rs 253.28 crore (including taxes) from JSW (South) Rail Logistics. The LoI is for manufacture and supply of BFNSM1 Rakes along with BVCM Wagons. The order is to be executed within 13.5 months from the effective or date of commencement of works.
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