India's Texmaco Rail hits record high on orders worth $165 mln

Texmaco Rail & Engineering

15/12/2023 04:11

** Shares of Texmaco Rail & Engineering  TEXA.NS  rise as
much as 10.6% to a record high of 188.8 rupees
    ** The railway equipment maker said on Thursday it got order
worth 13.74 bln rupees ($164.92 million) from the Ministry of
Railways
    ** Order to make and supply 3,400 BOXNS (Bogie open wagon
fitted with air brakes) wagons
    ** Texmaco stock on track for a fourth consecutive session
of gains, if trend holds
    ** More than 6.3 mln shares change hands, 1.4x its 30-day
avg
    ** Stock set for best yearly gain since 2014
    ** Including session's gains, stock up 237% YTD

   ($1 = 83.3130 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))