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Texmaco Rail & Engineering rallied as much as 4% to their day’s high of Rs 153 per share on Friday, September 19, after the company secured a fresh order from UltraTech Cement.The order, valued at Rs 86.85 crore, is for the supply of BCFC Wagons along with a Brake Van. The wagons are scheduled to be delivered by March 2026, adding to the company’s already healthy pipeline of orders.The development comes close on the heels of another major win. Just last week, Texmaco received a Letter of Acceptance from Rail Vikas Nigam Ltd (RVNL) for a project worth Rs 129.09 crore, inclusive of all taxes. The contract covers design, supply, erection, testing, and commissioning of 2.25 KV traction overhead equipment and related works at the Yavatmal-Digras section of the Nagpur division of Central Railways.Also read: Promoters and other insiders sell shares worth Rs 25,500 crore in 2025. Check top 5 namesIn addition, August saw the company bag another order from Leap Grain Rail Logistics, valued at Rs 103.16 crore. This order, for BCBFG wagons along with BVCM Brake Van, has a delivery timeline of 10 months. Together, these orders highlight the momentum Texmaco has been able to build in the wagon and engineering segment over the past few months.However, on the financial front, the company’s recent performance has been under pressure. For the June quarter, Texmaco reported a sharp 49.8% year-on-year drop in net profit to Rs 30 crore, compared with Rs 59.8 crore in the same period last year. Revenue fell 16.3% to Rs 910.6 crore from Rs 1,088.2 crore, while EBITDA declined 33.5% to Rs 71.2 crore from Rs 107 crore. Operating margins narrowed to 7.8% from 9.8% a year ago, reflecting cost pressures and a weaker operating environment.At about 10:40 am, shares of the company were trading at Rs 149.98, higher by 1.5% from the last close on the NSE. Texmaco Rail shares are down nearly 30% in the last 1 year.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)

Ola Electric Mobility shares have surged 40% in the past month, fuelled by fresh policy tailwinds, operational improvements, and sector-wide optimism. The rally marks a sharp turnaround for the stock, which remains down 33% so far in 2025, leaving investors questioning whether the rebound has further legs.The latest leg of the rally came after Ola Electric announced on September 14 that it had filed claims under the government’s Production Linked Incentive (PLI) scheme for its Gen 3 scooter range. The scheme provides incentives of 13–18% on sales value until 2028, which analysts say could materially lift margins from the second quarter of FY26.Khushi Mistry, research analyst at Bonanza, said that “recent policy moves now offer clearer, near-term advantages for Ola Electric versus Ather Energy. The GST Council has formally retained a concessional 5% GST on electric vehicles, easing price pressure across the sector. More materially, Ola secured PLI certification for its Gen-3 scooter portfolio in late August, making a large share of its models eligible for incentives that management says will bolster margins from Q2FY26.”Earlier in September, Ola Electric also reported improved financial performance, with gross margins rising to 25.6% in Q1 FY26 from 13.8% in the previous quarter, alongside a positive EBITDA margin. The operational gains reinforced investor confidence in the company’s path to profitability.The broader electric two-wheeler segment has also attracted attention, with new product launches and battery technology improvements drawing inflows into the stock through August and September.Technical signals mixedDespite the rally, analysts remain divided over the near-term trajectory.Drumil Vithlani, technical research analyst at Bonanza, noted that “the stock is in a healthy consolidation after a sharp rally. As long as it holds above Rs 52–56, the bias stays positive. A decisive close above Rs 62 would be the next trigger for upside momentum.”Vithlani said that support lies at Rs 56 (20-EMA) and Rs 52 (previous breakout zone), with potential downside to Rs 48 if those levels are breached. Resistance levels are seen at Rs 62 and Rs 68–70, with a close above Rs 70 opening “room towards Rs 75–78 in the short term.”Kunal V Parar, vice president of technical research and algo at Choice Broking, highlighted a more cautious view. “On the daily chart, the stock is trading above its 100-day moving average, indicating that the overall trend remains positive,” he said.However, Parar pointed out that “a Dark Cloud Cover candlestick pattern has emerged, signaling the possibility of a short-term correction. Supporting this view, the daily RSI is hovering around Rs 55 with a negative crossover, pointing towards weakening momentum in the near term.”Parar said that “we anticipate a short-term correction in the stock towards the Rs 48 level. From that support zone, a strong rebound can be expected, potentially taking the stock higher towards the Rs 70–80 range, with a strict stop loss at Rs 40.”The stock is currently trading above five of its eight key simple moving averages (20-day, 30-day, 50-day, 100-day and 150-day), while it remains below the 5-day, 10-day, and 200-day SMAs. The Relative Strength Index stands at 58.1, indicating neutral conditions, while the MACD is at 3.6, above the centre line but below the signal line, suggesting a pause in momentum.Also read | Ola Electric vs Ather Energy shares: Which EV bet looks stronger for your portfolio right now?(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)

Mumbai: The US Federal Reserve's 25 basis-point rate cut, with signals of more to follow, has put the spotlight on whether foreign capital will once again chase Indian equities.Lower US rates typically weaken the dollar, boosting the appeal of emerging markets like India for global investors, but this time, several Dalal Street participants are not confident of a flood of money into stocks here like in the past. This is because the appeal for India has been blunted by rich valuations and opportunities in cheaper markets like China."The equity allocation is expected to shift from the US to emerging markets post the cut but given the expensive valuations in India, China is likely to see higher foreign interest," said Siddarth Bhamre, head of research, Asit C Mehta Intermediates.On a provisional basis, overseas investors sold shares worth ₹2.28 lakh crore so far this year. In September, foreign selling ebbed with these investors offloading shares worth ₹10,596.7 crore provisionally, after selling to the tune of over ₹80,000 crore in July and August combined.The slowing pace of foreign selling this month has raised expectations of a gradual revival in inflows."The pace of sell-off is slowing, but global investors continue to believe India is expensive," said Nilesh Shah, MD at Kotak Mahindra Asset Management.According to data from Julius Baer India, MSCI India is currently around 22 times price to earnings, while the MSCI EM is trading at 14.3 times.Shah said in the near term, rich valuations could keep some foreign investors on the sidelines, while some may await clarity on the tariffs before deploying funds. He said active funds have been active in the IPO market though."Since the dollar is likely to soften further, the outflows from the US are expected to be allocated to emerging markets, but it's difficult to predict when the turnaround will happen," he said.The US dollar Index, which ended marginally higher post the Fed outcome on Wednesday night, has dropped 0.7% so far this week to 96.9. The Fed cut interest rates by 25 basis points for the first time since December and signalled two more rate cuts in 2025.The silver lining is that India's valuation premium over other EMs has declined over the past few months and is near long-term average levels in the wake of the recent market weakness.Investment advisors expect the foreign outflows to run their course soon."FPI pessimism is currently at record high levels, and the return of earnings momentum along with the resumption of trade talks with the US should improve the FPI sentiment for Indian equities," said Unmesh Kulkarni, managing director, Senior Advisor, Julius Baer India.Shah said flows by domestic institutions like mutual funds, pension funds and insurers could be the turnaround factor. "If DIIs can induce fear of missing out among foreign counterparts, their selling can turn into buying," he said.Domestic investors have pumped in around ₹5.46 lakh crore in 2025.