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Shares of railway stock Texmaco Rail & Engineering rose tremendously on Monday. Shares of the company hit a new 52-week high on Monday. Shares of Texmeco Rail & Engineering rose over 12 percent to Rs. 149.40 has been reached. On Friday, the company’s share was Rs. closed at 131.05. Texmeco Rail & Engineering shares hit a 52-week low of Rs. is 40.49.
The stock gained 390% in 2 years
Shares of Texmaco Rail & Engineering have gained 390% in the past two years. Shares of the company were trading at Rs 29.87 on BSE on August 27, 2021. On BSE on 28 August 2023, the company’s shares traded at Rs. 149.40 has been reached. If an investor invests Rs. 2 years ago in company shares. 1 lakh had been invested, the current price of this stock would be Rs. 5 lakh would have been.
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Shares of the company have gained 235% in 6 months
Shares of Texmaco Rail & Engineering have gained 235% in the past 6 months. Shares of the Company on 28 February 2023 Bombay Stock Exchange 44.20 on BSE to Rs. On BSE on 28 August 2023, the company’s shares traded at Rs. 149.40 has been reached. In the past 1 month, shares of Texmaco Rail & Engineering have gained 43%. Shares of the company have gained 24% in the last 5 days.
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Hindalco contracts for aluminum rail wagons
Texmaco Rail & Engineering and Hindalco Industries recently signed a strategic agreement to develop and manufacture world-class aluminum rail wagons and coaches. This will help Indian Railways meet its emission targets. Under this partnership there is a plan to set up a world class manufacturing plant in India.
Disclaimer: The information provided here is only about stock performance and does not constitute investment advice. Investing in the stock market is subject to risk and you should consult your advisor before investing.