Home / Business and Economy / Texmaco Rail: Technicals Signal Strong Upward Momentum
Texmaco Rail: Technicals Signal Strong Upward Momentum
25 Sep
Summary
- Ventura Securities recommends a Buy on Texmaco Rail with a ₹165 target.
- The stock recently broke out of a symmetrical triangle on high volume.
- Texmaco Rail shares have rallied approximately 60% in FY27 year-to-date.
As of September 25, 2026, Ventura Securities has initiated a Buy call on Texmaco Rail & Engineering Ltd, projecting a target price of ₹165. The firm's technical analysis indicates a bullish short-term outlook for the stock, with a recommended stop-loss at ₹102.
The company's stock experienced a downturn from ₹142.60 in December 2025, falling below its 200-day simple moving average to a low of ₹78.05 in March 2026. Following this, buying interest emerged, pushing the price to ₹130.75 by May 2026.
Recently, Texmaco Rail stock has shown renewed strength, breaking out of a symmetrical triangle pattern with higher bottoms and increased trading volumes. This breakout propelled the stock to ₹126.65 in September 2026, surpassing the previous swing high.
Ventura Securities anticipates the stock will advance towards ₹165, identifying ₹120-116 and ₹111-107 as potential intermediate support levels. In the first quarter of fiscal year 2027, Texmaco Rail reported a consolidated net profit of ₹29.33 crore, despite a decrease in consolidated income to ₹775.20 crore from ₹918.61 crore in the prior year's corresponding quarter.
Texmaco Rail & Engineering is a diversified infrastructure company with six manufacturing facilities. Its operations encompass the production of rolling stock, hydro-mechanical equipment, steel castings, rail EPC projects, and bridges.
