$TEXRAIL Shares of Texmaco Rail and Engineering are likely to remain in focus on August 11 after the company entered into a Memorandum of Understanding (MoU) with Belgium-based The Signalling Company NV to establish a strategic collaboration for ETCS solutions, including the proposed development of Kavach for the Indian market. Last week, the company also signed an MoU with Škoda Digital S.R.O., Czech Republic, to explore business opportunities in railway digitalisation solutions. On the financial front, Texmaco Rail and Engineering reported a 66.8% year-on-year increase in net profit to ₹50 crore, compared with ₹30 crore in the corresponding period last year. However, EBITDA declined 19.6%, while the EBITDA margin remained unchanged at 8%. The stock closed 1.29% lower in the previous session. It has touched an all-time high of ₹152.90 and is currently trading 29.76% below that level. The company has a market capitalisation of approximately ₹4,369.73 crore.

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