The stock gave multibagger returns of 183 per cent in just 1 year, 300 per cent in 2 years and a whopping 500 per cent in 3 years.

As of August 31, 2023, the company’s order book stands at over Rs 8,000 crore while the company’s market cap is Rs 4,442 crore.

According to the annual results, the net sales increased by 38.28 per cent to Rs 2,243 crore and net profit increased by 11.11 per cent to Rs 20 crore in FY23 compared to FY22. The company has been maintaining a healthy dividend payout of 21 per cent.

The stock is currently rallying towards its 52-week high

At noon on Wednesday, the core equity indices i.e., Sensex and Nifty 50 fell sharply amidst weak global cues. Asian markets gained as the inflation data released by the Chinese Government was not as bad as expected. This proved to be a relief for the Asian markets, which were trading higher by 1 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.  

BSE Small-cap index underperformed broader markets, slipping 1.40 per cent and closing at 29,068.03. 

Interestingly, the index moved in a range of 116 points, which was the narrowest in the last seven trading sessions; as a result, the index has formed an NR7 bar.  Among sectoral indices, Nifty Energy and Nifty IT were the top two gainers while on the flip side, Nifty Metal & Nifty FMCG turned out to be the top losers.