Texmaco Rail & Engineering Ltd
TEXRAIL

88.40

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Turnover (lac)
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Day's Vol.(shares)

88.45

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Accumulate
Reco. Price
Rs 89.10
We recommend an ACCUMULATE as we expect acquisition of EPC service provider will lead to increase in tenders from DFCCIL. Additionally, receipt of IR wagon tender contract will boost top line by 29% in FY17E. However, we see limited upside at P/E of 74.3x on FY17E earnings. (Target Price - Rs.97)
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50 DMA (.)
105.74
100 DMA (.)
105.37
200 DMA (.)
103.92
Weekly Range (.)
88.70
94.05
Monthly Range (.)
88.40
115.30
52 Weeks Range (.)
84.90
136.90
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