Latest news with #TexmacoRailandEngineering
Economic Times
26-06-2025
- Business
- Economic Times
Texmaco shares in focus after securing Rs 535-crore wagon order from Cameroon's CAMALCO
Texmaco Rail and Engineering secured a $62.24 million international order from CAMALCO SA for supplying 560 open-top wagons and providing 20-year maintenance. The deal includes a potential expansion for 1,040 more wagons. Despite a revenue increase in Q4, net profit declined. Analysts maintain a positive outlook, citing bullish momentum and a potential upside. Tired of too many ads? Remove Ads Texmaco Rail & Engineering Q4 earnings Tired of too many ads? Remove Ads Texmaco Rail and Engineering shares price target Shares of Texmaco Rail and Engineering are likely to be in focus on Thursday after the company announced a significant international order worth $62.24 million (approximately Rs 535 crore) from CAMALCO SA , a leading entity in order includes the manufacture and supply of 560 open-top wagons valued at $32.76 million (Rs 282 crore), along with a 20-year long-term maintenance contract worth $29.48 million (Rs 253 crore). The wagon delivery will take place in two phases over 24 months from the purchase order the deal includes a provision for supplying 1,040 more wagons over the next five years, along with long-term maintenance support. If exercised, this could significantly enhance the value and scope of the Rail & Engineering reported a 17.5% year-on-year rise in revenue to Rs 1,346.4 crore for the March quarter, driven by strong execution across its railway and engineering rose 14.7% to Rs 97.6 crore, with operating margins stable at 7.3%. However, net profit declined 12% to Rs 40 crore from Rs 45 crore a year to Trendlyne, the stock has an average target price of Rs 211, indicating a potential upside of about 22%. One analyst currently maintains a 'Strong Buy' rating on the a technical standpoint, Texmaco shares are showing bullish momentum. The Relative Strength Index (RSI) stands at 60.2, indicating positive sentiment but still below the overbought zone. The MACD is above its center line at 3.9 but remains below the signal stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages, reinforcing the ongoing uptrend, though it remains slightly below its 200-day shares have gained 23% over the past three months and are up 129% in the last two years. The company's current market capitalisation stands at Rs 6,928 crore.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
26-06-2025
- Business
- Time of India
Texmaco shares in focus after securing Rs 535-crore wagon order from Cameroon's CAMALCO
Shares of Texmaco Rail and Engineering are likely to be in focus on Thursday after the company announced a significant international order worth $62.24 million (approximately Rs 535 crore) from CAMALCO SA , a leading entity in Cameroon. The order includes the manufacture and supply of 560 open-top wagons valued at $32.76 million (Rs 282 crore), along with a 20-year long-term maintenance contract worth $29.48 million (Rs 253 crore). The wagon delivery will take place in two phases over 24 months from the purchase order date. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Play War Thunder now for free War Thunder Play Now Undo Additionally, the deal includes a provision for supplying 1,040 more wagons over the next five years, along with long-term maintenance support. If exercised, this could significantly enhance the value and scope of the engagement. Also Read: HDB Financial Services IPO: Should you subscribe? Here's what brokerages say Texmaco Rail & Engineering Q4 earnings Live Events Texmaco Rail & Engineering reported a 17.5% year-on-year rise in revenue to Rs 1,346.4 crore for the March quarter, driven by strong execution across its railway and engineering segments. EBITDA rose 14.7% to Rs 97.6 crore, with operating margins stable at 7.3%. However, net profit declined 12% to Rs 40 crore from Rs 45 crore a year ago. Also Read: These 10 multibagger penny stocks surged 200-570% in last 1 year. Do you own any? Texmaco Rail and Engineering shares price target According to Trendlyne, the stock has an average target price of Rs 211, indicating a potential upside of about 22%. One analyst currently maintains a 'Strong Buy' rating on the stock. From a technical standpoint, Texmaco shares are showing bullish momentum. The Relative Strength Index (RSI) stands at 60.2, indicating positive sentiment but still below the overbought zone. The MACD is above its center line at 3.9 but remains below the signal line. The stock is trading above its 5-day, 10-day, 20-day, 30-day, 50-day, 100-day, and 150-day simple moving averages, reinforcing the ongoing uptrend, though it remains slightly below its 200-day SMA. Texmaco shares have gained 23% over the past three months and are up 129% in the last two years. The company's current market capitalisation stands at Rs 6,928 crore. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
