Texmaco Rail & Engineering Faces Significant Stock Decline Amid Broader Market Challenges

Feb 03 2025 11:50 AM IST
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Texmaco Rail & Engineering has faced a significant decline in its stock price, dropping 5.34% today and 13.96% over the past two days. The stock is trading below all major moving averages, indicating a bearish trend, while its monthly performance shows a notable decrease compared to the broader market.
Texmaco Rail & Engineering, a midcap player in the railways sector, has experienced a notable decline today, with shares dropping by 5.34%. This downturn comes as the stock has been on a consecutive losing streak for the past two days, resulting in a total decline of 13.96% during this period.

Opening the day with a gap down of 3.23%, Texmaco Rail hit an intraday low of Rs 168.65, reflecting a decrease of 5.12%. The stock's performance today has outpaced the broader sector, which has seen a decline of 5.49%. However, Texmaco Rail's performance over the last month shows a significant drop of 15.22%, compared to the Sensex's decline of 2.86%.

Currently, Texmaco Rail is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock's one-day performance stands at -5.18%, contrasting sharply with the Sensex's relatively modest decline of 0.71%. These metrics highlight the challenges faced by Texmaco Rail & Engineering in the current market environment.
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