Texmaco Rail & Engineering Faces Significant Stock Decline Amid Broader Market Trends
Texmaco Rail & Engineering experienced a significant decline on January 21, 2025, underperforming its sector. The stock reached an intraday low and has fallen notably over the past month. Its current position shows mixed performance relative to various moving averages and broader market indices.
Texmaco Rail & Engineering, a midcap player in the railways sector, faced a notable decline of 5.08% on January 21, 2025, underperforming against its sector, which fell by 3.21%. The stock reached an intraday low of Rs 189.25, reflecting a decrease of 5.75% at its lowest point during the trading session.In terms of moving averages, Texmaco is currently above its 5-day moving average but below the 20-day, 50-day, 100-day, and 200-day moving averages. Over the past month, the stock has experienced a significant drop of 10.95%, contrasting with the Sensex's decrease of 2.86%. Additionally, the stock's performance today was notably worse than the Sensex, which recorded a decline of 1.64%.
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