Bengaluru, July 2 -- India's freight rail ecosystem is generating a steady stream of wagon procurement orders, and one of the country's leading railcar manufacturers has picked up two fresh domestic contracts from a major steel-linked logistics player and a private transport company, adding meaningfully to its execution pipeline.

With a market capitalization of Rs. 4,626 crore, the shares of Texmaco Rail & Engineering Limited were trading at Rs. 116.52 per share, up by 4 percent from the previous day's closing of Rs. 112, and it is trading at a P/E of approximately 23x.

Order Update

Texmaco Rail & Engineering Limited has received two orders totalling Rs.351.16 crore (including taxes) from domestic entities. The first order, worth Rs.25...