60% rally in FY27! Ventura Securities sees 32% more upside in short term | Technical outlook, target, stoploss
AI Summary
Investors should note that Texmaco Rail's recent bullish technical indicators, coupled with a significant profit increase, suggest a positive outlook for the stock. However, the decline in consolidated income raises questions about the sustainability of its growth. Retail investors might want to watch for the stock's performance around the identified support levels, especially given its recent volatility and the broader market context of fluctuating infrastructure demand in India.
Brokerage firm Ventura Securities has given a Buy call on Texmaco Rail & Engineering Ltd, with a target price of ₹165 and a stop-loss at ₹102. The brokerage’s technical view, dated 24 September 2026, describes the stock’s short-term outlook as bullish.
According to Ventura Securities, Texmaco Rail began declining from ₹142.60 in December 2025 and subsequently slipped below its 200-day simple moving average (SMA), hitting a low of ₹78.05 in March 2026.
Original Article
Published on Livemint
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This is a market news update from Livemint, published on 25 September 2026.
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