Multibagger stock below Rs 100: This railways wagon company receives order worth Rs 6,450 crore from Indian Railways!

The stock is up by 75 per cent in 1 year and generated multibagger returns of over 120 per cent in just 2 years.

Texmaco Rail & Engineering has informed that further to our letter dated May 11, 2022, wherein the company had intimated that it had received an order for 20,067 wagons valued at approximately Rs 6,450 crore (to be executed over a period of 39 months from the date of the contract) against the tender for wagons issued by the Indian Railways.

Recently, the company has informed that the aforementioned order has now been revised to 16,722 wagons valued at approximately Rs 5,385 crore. This revision is due to the early completion of the 2nd tranche (consisting of 3,345 wagons) out of the total 6 tranches to be supplied by the company.

Texmaco Rail & Engineering Ltd is an engineering infrastructure company & part of the Adventz Group. The company is involved in the business of manufacturing rolling stock, hydro-mechanical equipment, steel castings & construction of Rail EPC, bridges, and other steel structures.

On Friday, shares of Texmaco Rail & Engineering gain 0.76 per cent to Rs 66.45 per share with an intraday high of Rs 67.60 and an intraday low of Rs 65.40. The stock has a 52-week high of Rs 

The company has a market cap of over Rs 2,100 crore and reported stellar Quarterly Results (Q4FY23) and annual results (FY23).

The stock is up by 75 per cent in 1 year and generated multibagger returns of over 120 per cent in just 2 years. Investors should keep an eye on this Small-Cap stock.  

1 comments on article "Multibagger stock below Rs 100: This railways wagon company receives order worth Rs 6,450 crore from Indian Railways!"

Amit malik

Need package for annual subscription

6/19/2023 1:19 PM

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