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Texmaco Rail advances on incorporating subsidiary company ‘TSPL’

13 Apr 2018 Evaluate

Texmaco Rail & Engineering is currently trading at Rs. 88.80, up by 0.70 points or 0.79% from its previous closing of Rs. 88.10 on the BSE.

The scrip opened at Rs. 89.00 and has touched a high and low of Rs. 89.55 and Rs. 88.70 respectively. So far 3,654 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 128.80 on 28-Nov-2017 and a 52 week low of Rs. 78.55 on 23-Mar-2018.

Last one week high and low of the scrip stood at Rs. 89.55 and Rs. 86.00 respectively. The current market cap of the company is Rs. 1,952.00 crore.

The promoters holding in the company stood at 52.43%, while Institutions and Non-Institutions held 21.99% and 25.58% respectively.

Texmaco Rail & Engineering has incorporated a subsidiary company namely Texrail SA (TSPL) on March 22, 2018. This step has been taken in order to grow its Exports in the African region. The long-term strategy of the company is to establish itself in the African region as the major player for exports, manufacturing and EPC projects within the railway, power and infrastructure domain.

Texmaco Rail & Engineering is one of India’s leading freight car manufacturers and diversified engineering company. The company is the largest supplier of wagons to the Indian Railways in India with strong in-house capabilities for the design and manufacture of special purpose wagons.


Texmaco Rail & Eng. Share Price

106.04 2.44 (2.36%)
17-Apr-2026 16:59 View Price Chart
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