In early trading on March 7, Jupiter Wagons witnessed a significant 6 percent jump as it secured a substantial order worth Rs 957 crore from the rail ministry.
At 9:31 am, Jupiter Wagons was trading at Rs 384.30 on the BSE, marking an increase of Rs 22.40 or 6.19 percent.
The company announced, “The Ministry of Railways (Railway Board) has awarded a contract to the company for the manufacturing and supply of 2,237 BOSM wagons for a total value of Rs 956,87,67,500.”
In the quarter ending December 2023, Jupiter Wagons reported an impressive 82.6 percent increase in net profit, reaching Rs 81.45 crore. Furthermore, in January, the company secured a contract from a leading automobile manufacturer for the production and supply of four rakes of double-decker automobile carrier wagons, valued at approximately Rs 100 crore.
Additionally, in December 2023, the rail ministry awarded a contract for the manufacturing and supply of 4,000 BOXNS wagons, valued at Rs 1,617 crore.
Jupiter Wagons recorded a 52-week high of Rs 433.95 and a 52-week low of Rs 85.37 on January 23, 2024, and March 28, 2023, respectively. Currently, the stock is trading 11.44 percent below its 52-week high and 350.16 percent above its 52-week low.
