Texmaco Rail Shares rating upgrade | Ventura Sets Rs 165 Target

Texmaco Rail & Engineering shares ended nearly 1% lower at around Rs 126 on September 24, 2026, but brokerage firm Ventura Securities has retained a bullish short term view on the stock. The brokerage has given a Buy rating with a target price of Rs 165 and a stop loss of Rs 102.

At Rs 126.65, the target of Rs 165 implies an upside of about 32%, based on Ventura Securities' technical analysis dated September 24. The brokerage said the stock has formed higher bottoms and broken out of a symmetrical triangle, with higher trading volumes supporting the move.

Texmaco Rail share price and recent movement

Texmaco Rail shares have moved sharply higher during FY27 after hitting a low of Rs 78.05 in March 2026. The stock has gained around 60% in FY27 so far and about 42% over the past six months, according to the supplied market data.

The stock touched an intraday low of Rs 124 and an intraday high of Rs 128.55 on September 24. It had earlier reached Rs 126.65 in September, moving above its previous swing high of Rs 123.90.

The recent movement follows a period of consolidation. After falling from Rs 142.60 in December 2025, Texmaco Rail moved below its 200 day simple moving average and reached Rs 78.05 in March. Buying interest then lifted the stock to Rs 130.75 in May.

Resistance around Rs 130.75 kept the stock within a range between Rs 102.10 and Rs 130.75 from May through August.

Texmaco Rail stock data	Details
September 24 closing level	Around Rs 126
Intraday low	Rs 124
Intraday high	Rs 128.55
September swing high	Rs 126.65
Previous swing high	Rs 123.90
FY27 gain	Around 60%
Six month gain	Around 42%
Ventura target	Rs 165
Ventura stop loss	Rs 102

Ventura Securities' technical view

Ventura Securities said Texmaco Rail has recently formed higher bottoms, which means the stock has been making successive lows at higher levels. The brokerage also identified a breakout from a symmetrical triangle pattern.

The breakout was accompanied by higher trading volumes, according to the brokerage. Ventura Securities said the move took the stock to Rs 126.65 in September, above the earlier swing high of Rs 123.90.

For the short term trade, the brokerage has set a target of Rs 165 and recommended maintaining a stop loss at Rs 102. It has also identified two support areas that could become relevant if the stock pulls back.

Technical level	Price
Ventura target	Rs 165
First support zone	Rs 120 to Rs 116
Second support zone	Rs 111 to Rs 107
Stop loss	Rs 102
Recent breakout level	Rs 123.90

The support zones identified by Ventura Securities are Rs 120 to Rs 116 and Rs 111 to Rs 107. These levels are part of the brokerage's technical setup and do not represent a company forecast.

Texmaco Rail financial performance

The technical setup comes after Texmaco Rail reported a sharp rise in consolidated net profit for the June 2026 quarter.

The company reported consolidated net profit of Rs 50.07 crore for Q1 FY27, up 70.7% from Rs 29.33 crore in the same quarter a year earlier. At the same time, consolidated income fell to Rs 775.20 crore from Rs 918.61 crore.

Total expenses also fell during the quarter, reaching Rs 737.09 crore compared with Rs 881.26 crore in the year ago period.

Financial metric	Q1 FY27	Q1 FY26
Consolidated net profit	Rs 50.07 crore	Rs 29.33 crore
Net profit growth	70.7%	Not applicable
Consolidated income	Rs 775.20 crore	Rs 918.61 crore
Total expenses	Rs 737.09 crore	Rs 881.26 crore

The figures show that profit growth came alongside lower income and lower total expenses. This makes the movement in expenses an important part of understanding the quarterly profit increase.

Texmaco Rail's business and railway exposure

Texmaco Rail & Engineering is an engineering and infrastructure company with six manufacturing facilities covering 6.78 million square feet.

Its business includes railway rolling stock such as wagons, coaches, locomotive shells and components. The company also works across hydro mechanical equipment, steel castings, rail EPC projects and bridges.

The company's railway order activity has also featured in earlier WeloMoney coverage, including Texmaco Rail's Rs 471 crore order from Mangalore Coal Terminal for electrical works.

This order activity provides additional context for investors tracking the company's project and railway business, although the Ventura technical view is based on price and volume patterns rather than the order alone.

Why the Rs 165 target matters

Ventura Securities' Rs 165 target is based on the brokerage's technical assessment of the recent breakout. From the September level of Rs 126.65 cited in the analysis, the target represents about 30% upside by simple calculation, while the brokerage describes the potential upside as around 32%.

The difference comes from the price reference used in the brokerage's calculation.

The stock has already delivered a substantial gain during FY27. Its move from Rs 78.05 in March to around Rs 126 in September also means that the recent technical setup follows a large recovery from the March low.

At the same time, the stock has not yet moved decisively beyond the May high of Rs 130.75. That level remains relevant when assessing whether the recent breakout can develop further.

What investors should watch

Investors tracking Texmaco Rail can monitor the price levels identified by Ventura Securities along with the company's financial performance.

The main factors include:

• The stock's ability to remain above the recent breakout levels.
• The Rs 120 to Rs 116 and Rs 111 to Rs 107 support zones identified by Ventura Securities.
• Revenue and income trends in upcoming quarters.
• Profit growth and the movement in total expenses.
• New railway orders, EPC projects and other business developments.

The brokerage's Rs 165 target and Rs 102 stop loss are part of its technical trading view. They should not be treated as a guaranteed future share price or as independent investment advice.

Market analysis

Texmaco Rail's recent share movement combines a strong recovery from its March low with a technical breakout identified by Ventura Securities. The company has also reported higher quarterly net profit, although consolidated income was lower than in the year ago quarter.

For the market, the next phase of the stock's movement will depend on whether the recent technical breakout holds and whether the company's operating numbers support the higher valuation implied by the share price. Future earnings, expenses and railway related business activity will therefore remain relevant for tracking the company.

The wider railway and infrastructure exposure also makes company order activity relevant to its business outlook. Readers following railway stocks can also compare developments with recent railway sector activity covered by WeloMoney, although the businesses and projects involved are different.

Frequently asked questions

What is Ventura Securities' target price for Texmaco Rail?

Ventura Securities has set a target price of Rs 165 for Texmaco Rail in its technical view dated September 24, 2026. The brokerage has also recommended a stop loss at Rs 102 for the trade.

How much has Texmaco Rail stock gained in FY27?

Texmaco Rail shares have gained around 60% in FY27 so far, according to the supplied market data. The stock has also gained approximately 42% over the past six months.

What is the recent support level for Texmaco Rail?

Ventura Securities has identified Rs 120 to Rs 116 and Rs 111 to Rs 107 as intermediate support zones for Texmaco Rail. The brokerage has placed the trade stop loss at Rs 102.

What was Texmaco Rail's Q1 FY27 profit?

Texmaco Rail reported consolidated net profit of Rs 50.07 crore in Q1 FY27, up 70.7% from Rs 29.33 crore in Q1 FY26. Consolidated income fell to Rs 775.20 crore from Rs 918.61 crore.

Why did Texmaco Rail shares rise in September?

Texmaco Rail shares moved higher after forming higher bottoms and breaking out of a symmetrical triangle, according to Ventura Securities. The brokerage said higher trading volumes supported the breakout, which took the stock to Rs 126.65 in September.

What does Texmaco Rail manufacture?

Texmaco Rail manufactures railway rolling stock including wagons, coaches, locomotive shells and components. Its business also includes hydro mechanical equipment, steel castings, rail EPC projects and bridges.