Stock of this industrial products company has zoomed 100% in 2 months

Shares of Texmaco Rail & Engineering hit a fresh 52-week high of Rs 108.50 as they rallied nearly 14 per cent on the BSE in Thursday’s intra-day trade amid heavy volumes, in an otherwise weak market.

At 01:48 PM, the stock was quoting 12 per cent higher at Rs 107.23 on the back of nearly three-fold jump in its average trading volumes. A combined 22.7 million equity shares, representing 7 per cent of total equity of Texmaco Rail, have so far changed hands on the NSE and BSE. In comparison, the S&P BSE Sensex was down 0.50 per cent at 66,371.