Texmaco Rail & Engineering shares surged 13% after the company posted a 45% jump in Q4 net profit. Even with revenue softening, margins improved, lifting investor sentiment. The rally also drew fuel from a Rs 4,045 crore order win in South Africa and plans to expand into defence, sending the stock to an intraday high with a global growth outlook.
Texmaco Rail and Engineering Limited has landed new orders worth Rs 187.37 crore. Kochi Metro Rail has awarded the company Rs 130.22 crore for ballastless track works for Phase 2. Texmaco also secured a Rs 57.15 crore capex purchase order from Vedanta Aluminium, adding a second large contract to its order book.
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