Company which gave a return of 150 percent in one year got a big order, the effect will be seen on the shares

Shares of engineering and infrastructure company Texmaco Rail and Engineering Limited have given a bumper return of 150 percent in the last year. Now the company has received a big order of Rs 243 crore from Mumbai Railway Vikas Corporation (MRVC). Texmaco has received this order for power supply projects on two routes in Maharashtra.

Texmaco's higher-specialized EPC division - Bright Power will be responsible for this entire project. It will do the design, construction, installation, and testing of the power supply project. According to the company, its job is to build two 25 kV traction substations and other related things.

Texmaco Vice Chairman Indrajit Mukherjee said, "This order is an important milestone for us. It strengthens our position as a major player in the railway infrastructure sector." He said that the company is very optimistic about this order and hopes that it will contribute to its growth.

Texmaco shares have been very sluggish since the Union Budget, as there was no big and special announcement for the railway sector in it. In the last one month, Texmaco gave a return of only 3 percent. At the same time, in the last 6 months, investors got a profit of 28 percent from the company's shares. But, if we talk about the last one year, Texmaco has given a bumper return of 151.22 percent.

Brokerages are also bullish on Texmaco. Nuvama has given a Buy rating to Texmaco and set a target price of Rs 331. Texmaco shares closed at Rs 261.65 on Friday, down 0.15 percent.

Private sector Texmaco Rail and Engineering Limited is an engineering infrastructure company. It was founded by famous businessman KK Birla. It is part of the Adventz Group. Texmaco is involved in the business of manufacturing rolling stock, hydro-mechanical equipment, steel casting and rail EPC, bridges, and other steel infrastructure. It is the country's most experienced wagon manufacturing company.