Texmaco Rail Climbs 3.55% to ₹183.05 On ₹44.04 Crore MRVC Contract; Selling Pressure Evident Despite Buying Surge

Mumbai, 11 June 2025: Texmaco Rail & Engineering Ltd (NSE: TEXRAIL) rose by 3.55% in morning trading, reaching ₹183.05 after securing a significant order from Mumbai Railway Vikas Corporation Limited (MRVC). The stock started the day at ₹180.50, hit an early peak of ₹184.40, and then stabilized around ₹183.

Texmaco Rail & Engineering Ltd saw its share price rise by 2.66% to ₹181.49 as of 10:41 AM IST on June 11, 2025. The stock opened at ₹180.50, reaching an intraday high of ₹184.40 and a low of ₹180.00. With a market capitalization of ₹7,250 crore and a P/E ratio of 29.23, the stock remains well below its 52-week high of ₹296.49 but comfortably above its 52-week low of ₹119.06. No quarterly dividend has been declared.

₹44.04 Crore MRVC Contract for Traction Infrastructure

Texmaco Rail & Engineering Ltd announced it has won a ₹44.04 crore order from Mumbai Railway Vikas Corporation (MRVC) for the supply, construction, installation, testing, and commissioning of traction infrastructure. The project includes 1X25 kV 110/25 kV traction substations with 40/56 MVA AC transformers on Central Railway’s 3rd and 4th lines, with an expected completion timeline of 18 months.

Regulatory Clarification and Non-Related Party Transaction

In its regulatory filing, Texmaco confirmed that this contract is from a domestic client and does not qualify as a related party transaction. The company also stated there is no promoter or group company interest in MRVC.

Investor Activity and Market Response

Following the announcement, investor interest surged with traded volumes surpassing 46.88 lakh shares and total traded value exceeding ₹85 crore. However, buy orders of 4.43 lakh shares were outnumbered by sell orders totaling 12.01 lakh shares, signaling some profit-booking or institutional exits at higher price levels.

Recent Volatility and Regulatory Watch

Texmaco’s stock has shown notable volatility recently, with the NSE reporting over 25% price swings in the past month and a price variation exceeding 100% between highs and lows over six months. As a result, the stock is under regulatory surveillance with a 20% daily price band.

Valuation and Price Position

Despite today’s positive movement, the stock price remains approximately 38% below its 52-week peak of ₹296.49 recorded on July 12, 2024. The 52-week low stands at ₹119.06, set on April 7, 2025. The adjusted price-to-earnings ratio is 34.96, indicating a relatively high valuation compared to industry standards

Key Market Data (As of June 11, 2025, 10:11 IST)

Texmaco Rail continues to play a pivotal role in India’s rail electrification and infrastructure expansion efforts. This contract win strengthens its project pipeline and underscores its execution strengths, aligning with the government’s ongoing investments in railway modernization.

Company Overview

Texmaco Rail & Engineering Ltd, part of the Adventz Group, has been publicly traded since March 3, 2011. The company operates in the industrial products segment with a focus on railway systems, EPC services, wagon manufacturing, and urban transit solutions. It is actively listed on NSE and BSE and included in the Nifty Total Market index.

REF: https://www.bseindia.com/xml-data/corpfiling/AttachLive/4b58ba16-0c35-4357-a3f2-029f27699c03.pdf

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