Texmaco Rail Shares Jump 11% on ₹242 Crore New Orders, Ends 5-Day Losing Streak

• Texmaco Rail & Engineering shares surged by up to 11% to ₹123.5, ending a five-day losing streak.
• The rally was driven by two new orders totaling ₹242.63 crore from Mumbai Railway Vikas Corporation and South Western Railway.
• An order worth ₹219.18 crore from Mumbai Railway Vikas Corporation is for a new railway line under the MUTP–IIIA project, to be completed in 36 months.
• Another order of ₹23.45 crore from South Western Railway is for annual maintenance of overhead equipment in the Mysore Division, to be completed in 24 months.
• Earlier, the share price fell due to a 44.16% drop in Q3 net profit and a 21.46% decrease in revenue, impacted by supply constraints and weak exports.