Buy Texmaco Rail & Engineering, target price Rs 45: Yes Securities

Yes Securities has buy call on Texmaco Rail & Engineering with a target price of Rs 45. The current market price of Texmaco Rail & Engineering Ltd. is Rs 40.

Time period given by analyst is Intra Day when Texmaco Rail & Engineering Ltd. price can reach defined target.
Texmaco Rail & Engineering Ltd., incorporated in the year 1998, is a Small Cap company (having a market cap of Rs 1000.12 Crore) operating in Engineering sector.


Financials
For the quarter ended 31-03-2021, the company reported a Consolidated Total Income of Rs 617.91 Crore, up 33.83 % from last quarter Total Income of Rs 461.72 Crore and up 39.96 % from last year same quarter Total Income of Rs 441.48 Crore. Company reported net profit after tax of Rs 14.36 Crore in latest quarter.

Investment Rationale
A sustained move above the important averages has kept the near-term outlook positive. The stock has more room on the upside.