By Debdeep Gupta | 09 Jul, 2024
Texmaco Rail slumps 4% on profit-booking; Nuvama initiates coverage with 'buy' call, sees 16% upside
Shares of Texmaco Rail slumped over 4 percent on July 9 on account of profit booking. This decline wasn't unique to Texmaco; several railway stocks experienced losses of up to 5 percent as investors locked in gains following a sharp rally ahead of the upcoming Budget.The slump in Texmaco Rail came even as Nuvama initiated coverage on the stock with a 'buy' rating with a target price of over Rs 331...