Texmaco Rail & Eng: Paving the Tracks for Growth?Texmaco Rail & Eng
Market Cap: 72.88 B
Free Float Shares: 51.74%
Closely Held Shares: 48.26%
Revenue Streams
Freight Car: 78.51%
Infra Rail & Green Energy: 15.05%
Infra Electrical: 6.44%
Earnings and Revenue Date (Dec '24): Friday 31, Jan 2025
Weekly MACD: A noticeable decline in seller strength, indicating potential buyer strength. If the earnings meet or exceed market expectations, the stock may attempt to test key resistance levels in the coming weeks.
Key Weekly Resistance Levels:
R1: ₹205 – First level to watch for a breakout.
R2: ₹230 – Needs strong volume to push through.
R3: ₹260 – A decisive close above this could signal a sustained uptrend.
Financials:
In the quarter ending September 30, 2024, the company reported:
Revenue:
YoY Growth: ₹13B, marking a significant 67% increase compared to the same quarter last year.
QoQ Growth: ₹13B, reflecting a 50.5% rise from Q1 June 2024 revenue of ₹8.5B.
Income:
YoY Growth: ₹728M, reflecting a substantial 195% increase compared to the same quarter last year.
QoQ Growth: ₹728M, doubling from the previous quarter's ₹363M.
Market Outlook:
With improving financials and declining selling pressure, the stock has potential upside. However, broader market conditions and upcoming earnings will be key factors that will a crucial role in it's upward trajectory.
Disclaimer: This analysis is for educational purposes only and not financial advice. Always conduct your own research before making investment decisions.