Texmaco Rail & Engineering Reaches All-Time High
Texmaco Rail & Engineering, a midcap company in the railway industry, has reached an all-time high price of Rs. 188.95 on December 15, 2023. The stock has gained 14.81% in the last 4 days and is currently trading above its moving averages. The sector has also shown positive growth, with Texmaco Rail's 1-year performance at 212.89%.
Texmaco Rail & Engineering, a midcap company in the railway industry, has recently reached an all-time high price of Rs. 188.95 on December 15, 2023. This has caught the attention of investors and market analysts, with MarketsMOJO giving a 'Hold' call for the stock.
The stock has been performing well in the past few days, gaining 14.81% in the last 4 days alone. It also opened with a significant gain of 9.64% today and touched an intraday high of Rs. 188.95, which is 10.43% higher than the previous day's close. Texmaco Rail is currently trading above its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a strong uptrend.
In comparison to the sector's performance, Railways has gained 4.59%, showing a positive trend in the industry. Texmaco Rail's 1-year performance has been impressive, with a growth of 212.89%, while the Sensex has only grown by 15.67% in the same period.
Texmaco Rail & Engineering is a leading player in the railway industry, with a strong track record of growth and profitability. With its recent surge in stock price and positive sector outlook, the company is poised for further success in the future.
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