TEXMACO Cmp Rs.135, Face Value-Re.1 Book Value Rs.46 Group- KK Birla. India’s largest Rail wagon manufacturer has, steel foundry, hydro-mechanical equipment and steel structures, process equipment, and agro machinery.
TEXMACO, having the largest installed capacity of manufacturing 7500 wagon units, commands 30% market share in the overall wagon market in India. Segment wise it enjoys ~21% market share in the railway wagon market and 47% market share in the private wagon market
Catalyst: Supreme Court has permitted Texmaco to exploit commercially 50% of the 22acre mill in heart of Delhi and balance land Delhi Development Authority (DDA) to develop with certain condition for use and sharing of revenue. Technically the stock is showing strength making a higher low. Stock trades at Rs 138, target Rs 155 in short-term.
