Ircon International Ltd is the worst hit, as the stock at Rs 294.50 is still trading 7.7 per cent lower than its July 22 closing price of Rs 319. The scrip had fallen 8.06 per cent on the Budget day.

Rites, RVNL, IRFC, IRCON, Texmaco Rail: Railway stocks yet to recover from Budget day selloff

Texmaco Rail's Rs. 615 Crore Acquisition of Jindal Rail Infra: Strategic Impacts and Future Plans

Set your sights on today’s potential market movers—here are the stocks to watch in today’s trade.

Stocks To Watch: Cipla, IndiGo, Sanstar, Mankind Pharma, Tech Mahindra, SJVN, Texmaco Rail

Mega deal makes Texmaco biggest rolling stock maker in India

Texmaco Rail and Engineering buys Jindal Rail Infra for Rs 615 crore

Texmaco Rail acquires Jindal Rail for Rs 615 crore, becoming India’s largest wagon producer with strategic expansion plans.

Texmaco Rail acquires Jindal Rail Infrastructure ₹615 crore

Board of Texmaco Rail approves acquisition of Jindal Rail Infrastructure

Part of the $18-billion OP Jindal Group, Jindal Rail is involved in manufacturing of rail wagons.

Texmaco Rail To Acquire Jindal Rail Infra For Rs 615 Crore To Boost Manufacturing Capacity

Indian benchmark indices fell on Wednesday, dragged down by financials. The S&P BSE Sensex closed 0.35% lower at 80,148, while the NSE Nifty50 index ended below the 24,450 level.“The short term trend of Nifty continues to be weak. Further weakness from here could find lower support around 24270-24100 and one may expect emergence of buying from the lows. Immediate hurdles to be watched around 24580,” said Nagaraj Shetti of HDFC Securities.Here are 8 stock recommendations for Thursday: Stock Ideas

Market Trading Guide: BSE, Texmaco Rail among 8 stock recommendations for Thursday - Stock Ideas

Railway, defence, and PSU stocks on BSE rose ahead of the Union Budget by the Finance Minister. RailTel up 3%, Cochin Shipyard and DCX Systems gained, while Titagarh Rail, Texmaco Rail mixed. PSU stocks: IRCTC, IRFC, OIL, GMDC, Mazagon Dock, Bharat Forge, LIC, BEML, NTPC, Gujarat Gas, RCF, NMDC Steel. Multibagger returns seen; MRPL declined 3.7%.

Rail, defence, PSU stocks in focus ahead of Budget

Kaynes Technology India Ltd, BEML Ltd, Wonderla Holidays Ltd and Texmaco Rail & Engineering Ltd are among the other losers in the BSE’s ‘A’ group today, 09 July 2024.

Ahluwalia Contracts (India) Ltd leads losers in ‘A’ group

Whirlpool of India Ltd, Suven Pharmaceuticals Ltd, India Cements Ltd and Texmaco Rail & Engineering Ltd are among the other gainers in the BSE’s ‘A’ group today, 27 June 2024.

L G Balakrishnan & Bros Ltd leads gainers in ‘A’ group

Price return has been average, nothing exciting

Performance

Seems to be overvalued vs the market average

Valuation

Financials growth has been moderate for a few years

Growth

Showing good signs of profitability & efficiency

Profitability

The stock is underpriced and is not in the overbought zone

Current price is less than the intrinsic value

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

Unsolicited messages

Default probability

Red flags

Texmaco Rail & Engineering Limited is engaged in the business of manufacturing of rolling stock, hydro mechanical equipment, steel castings, agricultural and other equipment.