On Monday this small-cap jumps more than 11% following the announcement of Q2 results. The stock is currently trading 16% away from the 52-week high and 7% & 45% above the 50-day and 200-day moving averages.
Texmaco Rail & Engineering Ltd
With a market capitalisation of Rs. 4,548 Cr making it a small-cap company. On Monday the stock opened at Rs. 149 on BSE i.e., is an upside of over 11% from its previous close of Rs. 133.85. Currently, the company’s shares are trading 5.3% up at Rs. 140.95.
According to the BSE filing, the company’s total revenue increased by 63.8% from Rs. 494.6 Cr in Q2 FY23 to Rs. 810.4 Cr in Q2 FY24 and the company’s net profit increased by 70% from Rs. 11.88 Cr in Q2 FY23 to Rs. 20.2 Cr in Q2 FY24. EPS stood at Rs. 0.76.
The stock has delivered 206% returns in six months and 190% returns in one year; making an investment of 1 lakh six months ago now would be worth Rs. 3.06 lakhs and making the same amount of investment one year ago now would be worth Rs. 2.90 lakhs.
As per the latest shareholding information, Promoters hold 58.70%, FIIs hold 2.30%, DIIs hold 6.14% and the public hold a 32.86% stake in the company.
Texmaco Rail & Engineering Ltd is a company that focuses on engineering and infrastructure. It’s operating segment includes Heavy Engineering Division, Steel Foundry, and Rail EPC. The company manufactures a variety of products including Railway Freight Cars, Hydro-mechanical Equipment and Industrial structures, Steel Castings, and Pressure Vessels.
Written by Sheshadri N
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