Notably, the stock has surged by more than 50 percent in the last three months. However, a more intriguing fact is that the company's market capitalization is Rs 1,333 crore, and the value of the stocks held by the company is almost equal to its market capitalization, amounting to around Rs 1,305 crore.

The stock gave multibagger returns of 170 per cent in just 6 months, 225 per cent in 1 year and a whopping 520 per cent in 3 years.

Over the last year, its stock had taken investors on a wild ride, surging by over 160 per cent, making it a multibagger sensation. And now, they had announced a demerger – a strategic move that added another layer of intrigue.

This partnership will further strengthen our role in enhancing the value proposition for the freight industry as well as for passenger mobility while helping the Railways achieve its net zero objectives.

Additionally, 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.

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.

The stock is currently rallying towards its 52-week high

BSE Smallcap index was attacked by bears and plunged 2.23 per cent to close at 25,495.92.

Volume for the day has already surpassed its prior trading sessions’ volume and in fact, it’s the highest since January 12. Moreover, the stock is trading just 4 per cent away from its 52-week high. 

Considering the fact that Nifty has witnessed a breakout of the descending channel and broad-based buying on Friday, we expect momentum to continue in the coming trading sessions. Hence, we have shortlisted a few stocks based on the T20 breakout system.