Now Reading: Ventura Securities sees 32% upside in Texmaco Rail, target Rs 165
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Ventura Securities sees 32% upside in Texmaco Rail, target Rs 165
Ventura Securities sees 32% upside in Texmaco Rail, target Rs 165
Brokerage Ventura Securities has issued a Buy call on Texmaco Rail & Engineering Ltd, setting a target price of Rs 165 and a stop-loss at Rs 102. The stock has rallied about…
Brokerage Ventura Securities has issued a Buy call on Texmaco Rail & Engineering Ltd, setting a target price of Rs 165 and a stop-loss at Rs 102. The stock has rallied about 60% in FY27 so far, and the brokerage expects a further 32% upside in the short term based on technical indicators.
The stock broke out of a symmetrical triangle with higher trading volumes, moving past the previous swing high of Rs 123.90 to reach Rs 126.65. Ventura Securities identifies intermediate support at Rs 120-116 and Rs 111-107. The stock traded between Rs 124 and Rs 128.55 on BSE, closing nearly 1% lower.
Texmaco Rail reported a 70.7% increase in consolidated net profit to Rs 50.07 crore for Q1 FY27, though consolidated income fell to Rs 775.20 crore from Rs 918.61 crore a year ago. The company manufactures rolling stock, hydro-mechanical equipment, and steel castings across six facilities.
Indian Opinion Analysis
The brokerage's bullish call follows a sharp 60% rally in FY27, but the stock had fallen from Rs 142.60 in December 2025 to a low of Rs 78.05 in March 2026. The 32% upside target implies a return to levels last seen before that decline. Texmaco Rail's Q1 net profit surge came on lower expenses, not revenue growth, which may raise questions about sustainability. Investors should watch whether the stock can hold above the Rs 120 support zone on any pullback.
The next trigger will be the company's Q2 FY27 earnings in late October 2026, which will show if the cost-led profit improvement continues.
Source: livemint.com
This brief was synthesised by AI from the source linked above.
