Meanwhile, the BSE Sensex was up 40.75 points, or 0.15%, to 27,075.25.

On the BSE, so far 82,000 shares were traded in the counter, compared with average daily volumes of 71,097 shares in the past one quarter. The stock had hit a high of Rs 114.50 and a low of Rs 112 so far during the day.

The stock hit a 52-week high of Rs 151 on 2 February 2016. The stock hit a 52-week low of Rs 89.50 on 29 February 2016. The stock had underperformed the market over the past 30 days till 20 January 2017, falling 1.51% compared with the 4.06% rise in the Sensex. The scrip had, however, outperformed the market in past one quarter, rising 1.41% as against Sensex's 3.71% decline.

The small-cap company has equity capital of Rs 21.05 crore. Face value per share is Re 1.

Texmaco Rail & Engineering said it signed a non-binding memorandum with TEB Technology Development Company, China for promotion and development of (transit elevated bus - TEB) BOT project in West Bengal.

Net profit of Texmaco Rail & Engineering rose 92.2% to Rs 17.07 crore on 82.7% rise in net sales to Rs 235.94 crore in Q2 September 2016 over Q2 September 2015.

Texmaco Rail & Engineering is a premier multi-discipline, multi-unit engineering and infrastructure company.