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News Topical, Digital Desk : The stock of Texmaco Rail and Engineering, an industrial product company included in the BSE Smallcap Index, may see action in Friday's session. The company has informed about receiving an order today and has also announced the dates of dividend and AGM. Both the announcements came after the market closed. The company's stock closed with a gain of more than 2 percent in Thursday's session.
What information has the company given
In the information given to the stock market, the company said that it has received a supply order from Leap Grain Rail Logistics Private Limited. This order is related to the supply of BCBFG wagons and BVCM brake vans. The size of the order is Rs 103.16 crore and this order is to be completed in 10 months. Earlier on August 5, the company had informed about getting an order from Central Railway. The size of this order is Rs 73 crore and it is to be completed in 2 years. Along with this, the company has announced the important dates of dividend and AGM. According to the company, its AGM is going to be held on 22 September. A decision will be taken on the dividend in this AGM and if approved, the record date for payment of dividend will be September 15.
How was the performance of the stock The stock closed at 142 on Thursday with a gain of more than 2 percent. The stock has been witnessing a continuous decline for some time. The stock was trading near the level of 250 a year ago. At the beginning of July, the stock was trading above 175. The stock reached its year's low of 115 on April 7 itself. At the same time, a year ago, the stock registered a year's highest level of 255 in the month of August.
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