Shares of Texmaco Rail & Engineering Ltd rose after the rail company reported a bumper set of second-quarter profits. The company reported a profit of Rs 74.1 crore in the second quarter compared to Rs 24.6 crore in the corresponding quarter last year. Revenue soared 67% to Rs 1,346 crore last quarter, compared to Rs 805 crore a year ago.

Earnings before interest, taxes, depreciation and amortization rose 74% to Rs 132 crore from Rs 76.2 crore. The Ebitda margin increased to 9.8%, compared to 9.5% in the same period last year.

Shares of Texmaco Rail & Engineering rose 5.31 per cent to Rs 208.10 on the BSE in today’s early trade. A total of 0.76 lakh shares of the company changed hands, representing a turnover of Rs 1.56 crore. The market capitalization of the company stood at Rs 8,195 crore.

The stock touched a 52-week low of Rs 120.45 on October 30, 2023 and a 52-week high of Rs 296.60 on July 12, 2024 on BSE.

Texmaco Rail stock has a beta of 1.7, which indicates very high one-year volatility.

In technical terms, the stock’s Relative Strength Index (RSI) stands at 43.9, indicating that it is neither trading in the overbought nor oversold zone. Texmaco Rail shares are trading higher than the 5-day, 10-day, 20-day, 30-day moving averages, but below the 50-day, 100-day and 200-day moving averages.

Over the past two years, Texmaco Rail stock has surged 339.49% and has gained 535% in three years.

About the company

Texmaco Rail & Engineering manufactures a diverse range of products, such as railway freight cars, hydromechanical equipment and industrial structures, locomotive components and shells, steel girders for railway bridges, steel castings and containers under pressure, as well as engineering, procurement and construction services. (EPC) for the execution of railway, signaling and telecommunications, railway electrification and automatic fare collection projects, turnkey.