The said order has been received from the Ministry of Railways.

Shares of the company surged 16.89% in four trading sessions from its recent closing low of Rs 153.30 on 11 December 2023.

The stock hit an all-time high of Rs 188.95 today. The counter has soared 342.58% from its 52-week low of Rs 40.49 hit on 29 March 2023.

On the BSE, 11.29 lakh shares were traded in the counter so far compared with average daily volumes of 4.56 lakh shares in the past two weeks.

The scrip had outperformed the market in past one month, rising 30.56% as against 7.95% increase in Sensex.

The scrip had outperformed the market in past one quarter, jumping 27.14% as against Sensex's 4.51% rise.

The counter had also outperformed the market in past one year, surging 218.58% as against Sensex's 14.72% jump.

On the technical front, the stock's daily RSI (relative strength index) stood at 76.776. The RSI oscillates between zero and 100. Traditionally, the RSI is considered overbought when above 70 and oversold when below 30.

On the daily chart, the stock was trading above its 50-day, 100-day and 200-day simple moving average (SMA) placed at 159.82, 152.89 and 147.10, respectively. These levels will act as crucial support zones in near term.

Texmaco Rail & Engineering is a diversified heavy engineering company, with products including railway freight wagons, hydro-mechanical equipment and industrial structures for infrastructure industry, locomotive components and locomotive shells, railway bridges, steel castings, and pressure vessels, etc.

The company’s consolidated net profit jumped 59.7% to Rs 24.65 crore in Q2 FY24 as compared with Rs 15.44 crore in Q2 FY23. Net sales increased 66.2% YoY to Rs 805.05 crore in Q2 FY24.