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Texmaco ltd, a stock for traders & for investor


Buy Texmaco ltd is trading at 47rs to 48rs price range.

Bse code 505400

 Short term target 58rs, 60rs 65rs. Traders may hold with stop loss 44rs till rail budget or investors may hold for long term.

Company info & Personal view on this stock:

Texmaco Rail & Engineering Ltd is one amongst India`s leading car makers and heterogenous engineering company. the corporate is that the largest provider of wagons to the Republic of Indian Railways in India with sturdy in-house capabilities for the look and manufacture of special purpose wagons for core sectors like cement, coal, alumina, steel, instrumentation freight cars, oil, chemicals, fertilizers, thermal power comes and defense sector among others. They conjointly manufacture sugar mill machinery, industrial boilers, refrigerant and pressure vessels, manufacture instrumentation and ago-machinery like power tillers. The company`s major operational divisions square measure the serious engineering division consisting of wagon, hydro-mechanical instrumentation and method instrumentation producing facilities and therefore the steel metalworks division. they need 5 producing facilities within the outskirts of city, in Agarpara, Belgharia, Sodepur and Panihati. they need their promoting offices in Mumbai, metropolis and Delhi with the exception of promoting their product through a longtime network of agents. Their major customers embody the Indian Railways, National electricity Power Corporation Ltd, National Thermal Power Corporation Ltd, Mitsubishi serious Industries, Jaiprakash Industries among others.Texmaco Rail & Engineering Ltd was incorporated on Gregorian calendar month twenty five, 1998 as a personal Ld. with the name Texmaco Machines Pvt Ltd. In March 3, 2010, the corporate was regenerate into a public Ld. and therefore the name was modified to Texmaco Machines Ltd. In April twenty three, 2010, the name of the corporate was modified from Texmaco Machines Ltd to Texmaco Rail & Engineering Ltd. In Gregorian calendar month 2010, as per the theme of arrangement, the serious Engineering and Steel metal works Divisions of Texmaco Ltd was de-merged and transferred to the corporate with result from the appointed date, April 1, 2010. In November 2010, the corporate joined hands with Bombardier Transportation Republic of India Ltd, a 100 percent subsidiary of world rail instrumentation major Bombardier opposition to create a syndicate and submit a joint bid to the Ministry of Railways for the manufacture of electrical locomotives. In December 2010, the corporate signed a venture agreement with Australia`s UGL Ltd, Associate in Nursing engineering maintenance and facilities management company. As a part of this arrangement, the corporate and UGL along can establish a producing facility based mostly at the company`s Belgharia city website in Republic of India.The equity shares of the corporate were listed on the metropolis stock market and National stock market with result from March 03, 2011.The company is presently corporal punishment one amongst the most important orders for the provision of hydro mechanical equipment in Republic of India for a two,000 MW hydro power project of the National electricity Power Corporation in Subansiri, Arunachal Pradesh. the corporate intends to expand their producing facilities within the serious engineering and steel metal works divisions. They propose to take a position in producing facilities for brand new style wagons, EMUs, subway coaches and locomotive elements. Also, they shall expand the capability of their steel metal works to cater to the growing needs of consumers in countries like North America and Australia and conjointly to fulfil the increasing demand from the domestic market.

The company has good business in the rail infrastructure sector. The growth in the rail infrastructure setor in coming years will be good. The govt has more focus on the rail project and financing the rail projects on urgent basis. In India the post of the population travel by rail . Govt has more focus to develop the rail tracks in the rural area.

Disclaimer: Please do your own research before making any investment. My view may differ from the others. The company profile data may have collected from the company website but the view on the stock is personal.


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