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Texmaco Rail shares rise 6% in early deals, here's why 

Texmaco Rail shares rise 6% in early deals, here's why 

Texmaco Rail & Engineering shares rose 5.69% to Rs 145.75 on BSE in early deals today. Market cap of the firm rose to Rs 5,776 crore.

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Aseem Thapliyal
Aseem Thapliyal
  • Updated Mar 21, 2025 10:50 AM IST
Texmaco Rail shares rise 6% in early deals, here's why Texmaco Rail stock hit a 52 week low of Rs 122.60 on March 3, 2025 and a 52 week high of Rs 296.60 on July 12, 2024 on BSE.

Shares of Texmaco Rail & Engineering Ltd rose nearly 6% in early deals today after the railway firm invested into its  wholly owned subsidiary company namely 'Texmaco Middle East DMCC' (Texmaco MED) to expand global operations.

Texmaco Rail & Engineering shares rose 5.69% to Rs 145.75 on BSE in early deals today. Total 2.82 lakh shares of the firm changed hands amounting to a turnover of Rs 4.01 crore. Market cap of the firm rose to Rs 5,776 crore.

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The stock hit a 52 week low of Rs 122.60 on March 3, 2025 and a 52 week high of Rs 296.60 on July 12, 2024 on BSE.

The business objective of the new firm will be trading of trains spare parts & components, crane rails & fixing accessories, heavy equipment & machinery spare parts, simulation equipment & systems, etc. It will explore additional opportunities in sectors to supplement the businesses of Parent Company, said Texmaco Rail.

Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.

ABOUT THE AUTHOR

Aseem Thapliyal
Aseem Thapliyal

A journalist with over 12 years' experience, who tracks trends in the share market and writes stock market stories. An active follower of Sensex and Nifty, I capture stocks in news and analysis by share market experts and brokerages on their outlook and price targets. I cover company news/earnings leading to a rally or crash in particular stocks or stock market indices. Also track impact of global stock markets on their Indian peers. I have worked with Live Mint and NDTV Profit in previous stints. My hobbies are exploring new places, travelling, watching movies, spending time with friends and family, watching web series, playing cricket and football. I have completed graduation from Delhi University along with a PG Diploma in journalism from IIMC. I can be reached easily via social media platforms.

Published on: Mar 21, 2025 10:50 AM IST
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