Latest news with #TexmacoRail
Mint
26-06-2025
- Business
- Mint
Texmaco Rail share price: Railway stock jumps 9% after THIS order worth ₹535 crore
Texmaco Rail share price surged by nearly 9% during Thursday's trading session following the company's acquisition of a ₹ 535.6-crore contract from a firm located in central Africa for the supply and maintenance of over 1,600 freight wagons intended for bauxite transport. As per the agreement with CAMALCO SA from Cameroon, Texmaco will be responsible for the design, construction, and comprehensive maintenance of more than 1,600 open-top freight wagons, as indicated in a statement. According to Texmaco's Vice-Chairman Indrajit Mookerjee, the agreement aligns with India's 'Make for World' initiative, while Managing Director Sudipta Mukherjee emphasized that it showcases the manufacturing capabilities of the nation. Rana Pratap Singh, CEO of CAMALCO, mentioned that this collaboration contributes to the development of infrastructure in Cameroon. Company representatives stated that the contract enhances Texmaco's order backlog to ₹ 7,820 crore, solidifying its presence in both African and global markets. On June 10, the Mumbai Railway Vikas Corporation granted a contract worth ₹ 44.04 crore to the company for the supply, construction, installation, testing, and commissioning of traction transformers, SPs, and related works for the 3rd and 4th lines of the Central Railway. On June 3, the Mumbai Railway Vikas Corporation awarded a contract totaling ₹ 122.31 crore to the company for the design, supply, construction, installation, testing, and commissioning of traction transformers and related work for the Western Railway, which is to be completed within 30 months. Texmaco Rail share price today opened at ₹ 185.05 apiece on the BSE, the stock touched an intraday high of ₹ 189 apiece, and an intraday low of ₹ 181.55 per share. According to Rajesh Bhosale, Equity Technical and Derivative Analyst at Angel One, Texmaco Rail share price opened with a strong gap-up, decisively surpassing its recent swing high. While some profit booking emerged from the intraday highs, the price still holds firm gains of over 5%. The bullish gap near the 200-day moving average around ₹ 175 now acts as immediate support. On the upside, the rally could extend towards the ₹ 200 mark. Additionally, the RSI remains in the positive territory, reinforcing the bullish momentum and supporting the possibility of further upside.
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Business Standard
26-06-2025
- Business
- Business Standard
Texmaco Rail & Engineering share rallies 9% in trade today; here's why
Texmaco Rail share price: Texmaco Rail & Engineering shares rose up to 8.96 per cent to hit an intraday high of ₹189 apiece on Thursday, June 26, 2025. At 11:24 AM, Texmaco Rail share price was up 4.24 per cent at ₹180.80 per share. In comparison, BSE Sensex was trading 0.36 per cent higher at 83,052.46 levels. Why did Texmaco Rail share price zoom in trade today? The rise in the Texmaco Rail share price came after the company announced that it has secured an order of ₹535 crore from Camalco SA. In an exchange filing, Texmaco Rail said, 'We wish to inform you that Camalco SA, Cameroon has awarded an order of $62,244,000 (equivalent to ₹535 crore ) which include order for manufacturing and supply of 560 open Top wagons at $32,760,000 (equivalent to ₹282 crore ) and long term maintenance contract for 20 years at $29,484,000 (equivalent to ₹253 crore)." Under the terms of the order, the company will be responsible for the manufacture and supply of Wagons: Initial order for 560 Open top Wagons to be completed in 2 phases within 24 months from Purchase order date with the provision for additional order of 1040 wagons in subsequent phases; and long term maintenance contract for wagons supplied by company for a period of 20 years. The sizable order is expected to majorly boost the company's export portfolio and revenue visibility, while the 20-year maintenance contract adds a long-term earnings component, making it a crucial deal for Texmaco. About Texmaco Rail Texmaco Rail & Engineering, a part of the Adventz Group, is among the leading infrastructure engineering companies with a diverse portfolio. The company specialises in manufacturing rolling stock, hydro-mechanical equipment, steel castings, and the construction of rail EPC projects, bridges, and other steel structures. Established in 1998 after the demerger of Texmaco Limited, which had been operational since 1939, Texmaco Rail & Engineering has evolved from its earlier focus on heavy engineering and steel foundry to its current diversified business segments. The company's offerings span various sectors, including the production of high-capacity freight wagons, metro tracks, and rolling stock components such as loco shells, bogies, and coaches. It also plays a crucial role in the fabrication of steel bridges, flyovers, and hydro-mechanical equipment like gates and hoists for power projects. The market capitalisation of Texmaco Rail is ₹7,226.36 crore, according to BSE. The company falls under the BSE SmallCap category.
Mint
26-06-2025
- Business
- Mint
Texmaco Rail share price: Railway stock jumps 9% after THIS order worth ₹535 crore
Texmaco Rail share price surged by nearly 9% during Thursday's trading session following the company's acquisition of a ₹ 535.6-crore contract from a firm located in central Africa for the supply and maintenance of over 1,600 freight wagons intended for bauxite transport. As per the agreement with CAMALCO SA from Cameroon, Texmaco will be responsible for the design, construction, and comprehensive maintenance of more than 1,600 open-top freight wagons, as indicated in a statement. According to Texmaco's Vice-Chairman Indrajit Mookerjee, the agreement aligns with India's 'Make for World' initiative, while Managing Director Sudipta Mukherjee emphasized that it showcases the manufacturing capabilities of the nation. Rana Pratap Singh, CEO of CAMALCO, mentioned that this collaboration contributes to the development of infrastructure in Cameroon. Company representatives stated that the contract enhances Texmaco's order backlog to ₹ 7,820 crore, solidifying its presence in both African and global markets.
Economic Times
12-06-2025
- Business
- Economic Times
Texmaco Rail could be railway sector's dark horse: Mayuresh Joshi
"The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark," says Mayuresh Joshi, Head Equity, Marketsmith India. ADVERTISEMENT What is it that you are making, still early details yet and we are getting takeaways from the cabinet meet which is currently underway on an approval of overs Rs 3,000 crore for railway projects. Mayuresh Joshi: Two things -- one, in terms of the approval ticker that you are just seeing on your screen that is something which is incrementally positive for these rail stocks and again the allocation that has been made in budgetary terms has been a decent one. So, whether you are talking about commissioning of new lines, changing from the gate system that you probably got, and expectations in terms of more coach is expected whether it is Vande Bharat or the metro coaches as well, so there is sufficient work at play. The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark. So, margin expansion beyond that seems improbable and therefore it is how much you execute which also is probably time bound to a certain extent, which means that there is a definite sense of earnings coming through with definite margins expected to come through. On the other hand, the other infrastructure or the support related stocks that you are speaking about, the likes of an IRCTC as an example, even the financing stocks as far as railways are concerned the whole expectations in the ecosystem in terms of the working capital cycle is something to be seen out for as well. So, again, they do give these selective sporadic moves. But are they structural in nature? My own sense is that because of the lumpiness in earnings, the earnings are always not reflected in a compounded demand on an annualised basis and therefore, they become very-very stock specific. From a momentum perspective, stocks can continue showing momentum in my opinion. And also, Tex Rail is one stock if they continue doing well in terms of execution, the kind of ecosystem that they have probably created and the expectations in terms of the balance sheet growth, specifically the recovery we have seen after covid and the sluggishness in the past two years, if they are able to overcome that, I think that probably can be a dark horse from the railway theme. ADVERTISEMENT What is your own sense because at a time when we are still awaiting some details coming in from US and China's talks in London and it seems like there is some headway definitely on the talks, but on the other hand you have companies like Maruti already slashing their production targets for their newest entrant in the e-club that is e-Vitara and they are talking about…, while they are going to be making up the targets eventually in the year for the next two to three months, they are actually scaling back. Mayuresh Joshi: No, so if you probably look at the proportion in terms of the EV cars or the EV platforms or the EV models as a percentage of the overall top line, it is still not a major component and therefore with this whole rare earth magnet issue that is expected to continue, if the resolution comes in as you are putting out, I think that is great news for global auto stocks, that is great news for the auto industry in general. But if this lingers on a tad a bit more, like Maruti has likewise put in his statement, maybe the short-term pain might be there. But as supply chains probably get worked out again, the second half there will be some element of recovery that one really expects. But if there is a resolution that comes through quicker than one really expects, the expectations in terms of normalisation of volumes specifically on new launches as far as EV cars are concerned, might actually continue doing well. ADVERTISEMENT Now in the Indian context, the expectation in terms of competition intensity, pricing, all that is going to play a big part in terms of how volume growth probably takes place and take shape as well and there is a huge ecosystem in terms of the appetite for EV cars and the adoption of EV infrastructure as well whether you are calling for fast chargers or fast charging stations as well. So, to that extent it is an evolvement as we speak and therefore within the space itself what we really continue to hold in our global portfolios within the PV space, M&M is something that we still continue liking and holding and within two wheelers TVS Motors. (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
12-06-2025
- Business
- Time of India
Texmaco Rail could be railway sector's dark horse: Mayuresh Joshi
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel "The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% mark," says Mayuresh Joshi , Head Equity, Marketsmith things -- one, in terms of the approval ticker that you are just seeing on your screen that is something which is incrementally positive for these rail stocks and again the allocation that has been made in budgetary terms has been a decent whether you are talking about commissioning of new lines, changing from the gate system that you probably got, and expectations in terms of more coach is expected whether it is Vande Bharat or the metro coaches as well, so there is sufficient work at play. The only issue with the manufacturing stocks per se is that the top line might grow but it has shown a slight sign of sluggishness as we speak in terms of execution and margins to a certain extent, to the likes of a Titagarh or even to the likes of a Texmaco Rail constraint to that 11% to 12% margin expansion beyond that seems improbable and therefore it is how much you execute which also is probably time bound to a certain extent, which means that there is a definite sense of earnings coming through with definite margins expected to come through. On the other hand, the other infrastructure or the support related stocks that you are speaking about, the likes of an IRCTC as an example, even the financing stocks as far as railways are concerned the whole expectations in the ecosystem in terms of the working capital cycle is something to be seen out for as again, they do give these selective sporadic moves. But are they structural in nature? My own sense is that because of the lumpiness in earnings, the earnings are always not reflected in a compounded demand on an annualised basis and therefore, they become very-very stock a momentum perspective, stocks can continue showing momentum in my opinion. And also, Tex Rail is one stock if they continue doing well in terms of execution, the kind of ecosystem that they have probably created and the expectations in terms of the balance sheet growth, specifically the recovery we have seen after covid and the sluggishness in the past two years, if they are able to overcome that, I think that probably can be a dark horse from the railway so if you probably look at the proportion in terms of the EV cars or the EV platforms or the EV models as a percentage of the overall top line, it is still not a major component and therefore with this whole rare earth magnet issue that is expected to continue, if the resolution comes in as you are putting out, I think that is great news for global auto stocks, that is great news for the auto industry in if this lingers on a tad a bit more, like Maruti has likewise put in his statement, maybe the short-term pain might be there. But as supply chains probably get worked out again, the second half there will be some element of recovery that one really expects. But if there is a resolution that comes through quicker than one really expects, the expectations in terms of normalisation of volumes specifically on new launches as far as EV cars are concerned, might actually continue doing in the Indian context, the expectation in terms of competition intensity, pricing, all that is going to play a big part in terms of how volume growth probably takes place and take shape as well and there is a huge ecosystem in terms of the appetite for EV cars and the adoption of EV infrastructure as well whether you are calling for fast chargers or fast charging stations as to that extent it is an evolvement as we speak and therefore within the space itself what we really continue to hold in our global portfolios within the PV space, M&M is something that we still continue liking and holding and within two wheelers TVS Motors
