Texmaco Rail Surges 9% on Two Major Order Wins, Eyes Strong Future

• Texmaco Rail & Engineering Ltd shares jumped 9% after securing two large orders.
• Received a ₹219.18 crore order from Mumbai Railway Vikas Corporation Ltd (MRVC) for a signaling project in Mumbai's suburban network.
• Secured another order worth ₹27.67 crore from South Western Railway for OHE maintenance in Mysore Division.
• Despite strong order wins, the company reported a 44.2% decline in Q3 net profit year-on-year.
• Analysts anticipate new orders to boost the order book, with focus on future quarterly results and project execution.