Texmaco Rail share price: Bourses BSE and NSE have put the securities of Texmaco Rail under the long-term ASM (Additional Surveillance Measure) framework. Exchanges put stocks in short-term or long-term ASM frameworks to caution investors about high volatility in share prices.
The last three days have seen rejection trades, with bears systematically upping their ante with every attempt to rise. However, dips never gained speed, and the prime reason for the same is the presence of the 50-day SMA nearby, which successfully allowed a regroup of bulls on Thursday.
Texmaco Rail share price: The company has recently recieved an order from the Ministry of Railways to manufacture and supply 3,400 BOXNS wagons valued at Rs 1,374.41 crore.
Texmaco Rail share price: The stock plunged 6.45 per cent to close at Rs 141.30. At this price, the scrip has declined 13.76 per cent from its one-year high of Rs 163.85, a level seen on September 11, 2023. Although, the multibagger counter has gained 248.98 per cent from its 52-week low price of Rs 40.49, hit on March 29 this year.