Texmaco Rail & Engineering

Stocks to buy: Vaishali Parekh recommended three buy-or-sell stocks for intraday trading: Texmaco Rail & Engineering, Kabra Extrusion Technik, Fortis Healthcare.

Texmaco Rail & Engineering Ltd and Rail Vikas Nigam Ltd have formed a joint venture to focus on railway manufacturing and infrastructure. Texmaco will invest ₹ 4.90 crore, holding a 49% stake, while RVNL will own 51%. The venture aligns with government initiatives for railway modernisation.

Among railway stocks Texmaco Rail & Engineering share price remained largest gainer, was trading over 4 per cent up on June 25. Rail Vikan Nigam Limited, IRCTC, Jupiter Wagons share price were also up between 1-2 per cent on Wednesday.

Stocks to buy or sell: Osho Krishan of Angel One recommends buying Dalmia Bharat Ltd, and Texmaco Rail & Engineering Ltd.

Following a sharp October sell-off, technical indicators like the Definedge Railways Index's double bottom pattern suggest a bullish reversal, while seasonality trends show gains historically in November and December.

Here are a few stocks likely to be in focus on Friday, 26 July:

Multibagger stock: Texmaco Rail & Engineering shares surged 260% but dipped 6% recently, offering a buying opportunity. Nuvama Institutional Equities sees potential rerating triggers like margin improvement and demerger of rail EPC business.

Other railway stocks that saw gains included IRCON International (6.26 per cent), RITES (3.52 per cent), Indian Railway Catering and Tourism Corporation (3 per cent), and Texmaco Rail & Engineering (5.28 per cent).