India's Texmaco Rail rises on winning order worth $165 mln

Texmaco Rail & Engineering

21/12/2023 06:16

** Shares of Texmaco Rail & Engineering  TEXA.NS  up ~4% after
co wins work order from India's Ministry of Railways
    ** Co wins order worth 13.74 bln rupees ($165 mln) to
manufacture and supply 3,400 BOXNS wagons
    ** Stock above 200-day moving avgs since April 21, after co
said it entered a joint venture with NYMWAG CS
    ** Stock also above 50- and 100-day avgs since mid-November
    ** Including session's gains, TEXA is up 198% YTD and is on
track to gain for a third consecutive year

 (Reporting by Navamya Ganesh Acharya in Bengaluru)
 ((Navamya.GaneshAcharya@thomsonreuters.com; +91 8805175330 ;))