Texmaco Rail & Engineering shares surged nearly 11% today, Tuesday, February 17, 2026, reaching an intraday high of 123.50 on the NSE. This rally effectively snapped a five-day losing streak and was fueled by the announcement of two major contract wins totaling over 242 crore. The company secured a 219.18 crore order from Mumbai Railway Vikas Corporation (MRVC). This project involves the design, supply, and installation of advanced signalling systems for a new suburban corridor under the Mumbai Urban Transport Project (MUTP-IIIA), with a 36-month completion timeline. A second contract worth 23.45 crore was awarded by South Western Railway. Texmaco will handle comprehensive maintenance and breakdown restoration of overhead equipment (OHE) and power supply installations across 1,046 track kilometers in the Mysore Division for a period of two years. These wins expand Texmaco’s cumulative OHE maintenance portfolio to 3,702 track kilometers. The new orders provide critical visibility for the company’s order book, which currently stands at approximately 5,661 crore. The market reaction comes despite a cooling period for railway stocks following the Union Budget 2026-27. The government recently allocated a record 2.93 lakh crore for railway capital expenditure, reflecting a 10.5% increase. Within this, 1.20 lakh crore is dedicated to safety-related works, including signalling and electrification. Texmaco's stock performance contrasts with its recent Q3 FY26 earnings. The company reported a net profit of 42.8 crore, down 44% year-on-year, while revenue fell 21.5% to 1,041 crore. Analysts note that while supply disruptions impacted the last quarter, fresh order inflows from domestic and international markets are stabilizing the outlook. The broader railway sector remains a focal point for investors due to the rapid rollout of the Kavach safety system across 40,000 kilometers and the planned development of seven new high-speed rail corridors. Texmaco continues to diversify its revenue streams through freight wagons, loco shells, and infrastructure electricals. Its current valuation remains competitive within the sector, trading at a price-to-earnings ratio of approximately 27 as the industry anticipates further private sector participation in freight and logistics infrastructure. [Texmaco Rail share price jumps on new order wins](https://www.youtube.com/watch?v=64MY8WTt2oM) This video provides an overview of the latest railway budget allocations and market trends affecting stocks like Texmaco Rail. http://googleusercontent.com/youtube_content/0