Texmaco Rail: Order received from UltraTech Cement, keep an eye on stock

News Topical, Digital Desk : Texmaco Rail and Engineering, an industrial products company listed on the BSE Smallcap Index, has announced its second order in 10 days. The company announced the order after Thursday's close. According to the company, the order was from UltraTech Cement. The stock closed Thursday's session down more than 1%.

What has the company reported?

In a filing to the stock exchange, the company stated that it has received an order worth ₹86.85 crore from UltraTech Cement. This contract includes the supply of BCFC wagons with brake vans. This order is scheduled to be completed by March 2026. Previously, on September 12, the company had reported another order to the stock exchange. According to the company, on September 10, it received an order from Rail Vikas Nigam Limited, valued at ₹129.09 crore. The order relates to the Nagpur Division of Central Railway. The project is scheduled to be completed in 18 months. The company's profit in the first quarter fell 50 percent year-on-year, while revenue declined by more than 16 percent. How did the stock perform? The stock fell by more than 1 percent on Thursday, closing at 147.4. A year ago, the stock was trading above 200. Its highest level of the year was 240, which was recorded in December last year. In April, the stock hit a year-low of 115. 

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