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Texmaco Rail gains on incorporating WOS company

06 Mar 2019 Evaluate

Texmaco Rail & Engineering is currently trading at Rs. 65.25, up by 0.70 points or 1.08 % from its previous closing of Rs. 64.55 on the BSE.

The scrip opened at Rs. 64.50 and has touched a high and low of Rs. 66.00 and Rs. 64.40 respectively. So far 20602 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 95.20 on 06-Mar-2018 and a 52 week low of Rs. 50.20 on 10-Dec-2018.

Last one week high and low of the scrip stood at Rs. 66.00 and Rs. 55.40 respectively. The current market cap of the company is Rs. 1425.92 crore.

The promoters holding in the company stood at 52.32%, while Institutions and Non-Institutions held 21.30% and 26.38% respectively.

Texmaco Rail & Engineering has incorporated a wholly-owned subsidiary (WOS) company namely ‘Texmaco Signalling Systems’ (TSSPL) on March 5, 2019 to supplement company's Rail EPC business through adding prospects for signaling.

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.

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