Price Volume Breakout : Texmaco Rail zooms nearly 4 per cent

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The shares off Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.

The shares of Texmaco Rail and Engineering Ltd surged to almost 4 per cent on Thursday. The stocks made a fresh 52-week high at Rs 57 on the BSE as well. The scrip has been gaining for the last 4 days and delivered 24.2 per cent returns during this period.  

The stocks are exhibiting a positive trend, amidst the news that the Indian Railways plans to add over 100,000 wagons to the convoy in the next three years. Due to this the railway sector has gained up to 3.12 per cent.  

Texmaco Rail & Engineering Ltd, a premier multi-discipline, multi-unit engineering and Infrastructure Company, with 5 manufacturing units extending over 170 acres in the outskirts of Kolkata. Texmaco Rail & Engineering is an engineering and infrastructure company and it is presently the flagship company of the Adventz Group, headed by the Chairman Mr. Saroj Kumar Poddar, comprising renowned companies, such as, Zuari Agro Chemicals Limited, Zuari Infraworld India Limited and Hettich India Pvt Limited. 

At 2.30 pm Sensex was trading at  57,919.66, up by 882.16 points or 1.53 per cent and  Nifty 50 was trading at 17,390.25, up by 253.70 points or 1.48 per cent, almost breaching the 17,400 levels. 

The shares of Sugar, Power and Cement companies are on the rise in the afternoon session of the bourses.  

Some of the Top Gainers in the BSE Midcap pack are L & T Finance, Biocon, Jubilant Foodworks, Adani Power, and CRISIL. 

From the BSE Smallcap pack, the shares of Angel One, Uttam Sugar Mills, Cupid, Zee Media, Time Technoplast, and VRL Logistics, also have hit a fresh 52-week high on Thursday.