The share price of Texmaco Rail and Engineering rose nearly 4 percent in the early trade on December 17, following the announcement that the company has secured a new order from Chhattisgarh State Power Transmission Co., a Government of Chhattisgarh Undertaking.
At 09:20am, Texmaco Rail and Engineering was quoting at Rs 237.80, up Rs 8.70, or 3.80 percent, on the BSE.
The order, valued at Rs 187.41 crore, involves the construction of nine 132KV transmission lines on a turnkey basis, covering a total route length (RL) of approximately 291 km.
The project is to be executed over a period of 15 months.
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In the quarter ended September 30, 2024, the company's net profit surged nearly triple, rising 195 percent year-on-year to Rs 74.1 crore.
The share touched a 52-week high of Rs 296.60 and a 52-week low of Rs 141.85 on 12 July, 2024 and 13 March, 2024, respectively.
Currently, the stock is trading 19.82 percent below its 52-week high and 67.64 percent above its 52-week low.
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