"Texmaco Rail’s shares experienced some upward movement on February 28, a day after the company’s board granted approval for a plan to raise up to Rs 150 crore through a preferential issue of convertible warrants to its promoters and promoter groups.
The board of Texmaco Rail has empowered its Capital Issue Committee to determine the structure, terms, and conditions of the issuance, along with other relevant matters, as mentioned in a company filing. Texmaco Rail shares concluded the day with a marginal 0.5 percent decrease at Rs 196.25 on February 27. Over the past year, the stock has shown remarkable performance, delivering substantial returns of 344 percent, more than quadrupling investors’ investment."