Texmaco Rail & Engineering Limited, a leading manufacturer of freight wagons and provider of railway infrastructure in India, has announced revised ratings for its short-term and long-term bank facilities.
The company’s long-term bank facilities rating has been upgraded from CARE A- (RWD) to CARE A (RWD), indicating an adequate degree of safety for timely financial obligations and low credit risk. The short-term bank facilities rating has also been upgraded from CARE A2+ (RWD) to CARE A1 (RWD), reflecting a very strong degree of safety and the lowest credit risk.
The “RWD” status indicates that the ratings are under review, with developing implications, reflecting ongoing assessments that could positively or negatively impact the company’s credit profile.
Texmaco Rail & Engineering shares opened at ₹198.50, with a high of ₹200.00 and a low of ₹196.37. The stock is currently trading well below its 52-week high of ₹296.49, showing a significant drop. The 52-week low stands at ₹142.00, highlighting the fluctuation in its performance over the past year.
