Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; with Rs 6,000 crore order book!

Shares of the company have gained more than 120 per cent in the last six months.

Shares of Jupiter Wagons Limited were locked in the upper circuit on Monday, gaining 5.00 per cent. The stock has gained about 120 per cent in the last six months. The stock is one of the Top Gainers in the BSE S&P BSE SmallCap Index.

Jupiter Wagons Limited has also delivered multibagger returns to its shareholders in the last one year. During this period, the company’s share price jumped from Rs 58.75 on August 07, 2022, to Rs 221.95 on August 07, 2023, an increase of about 250 per cent in one year holding period. 

The company posted fantastic Quarterly Results. The revenue of the company for Q4FY23 stood at Rs 711.70 crore which grew by 96.27 per cent YoY. The operating profit of the company stood at Rs 93.23 crore, while the PAT of the company stood at Rs 39.97 crore, representing an impressive growth of 186.49 per cent YoY. 

Jupiter Wagons Limited (JWL) incorporated in 2006, was a part of the Kolkata-based Jupiter Group and a leading player in the Indian railway wagon manufacturing industry. JWL had the capacity to manufacture 4,200 wagons annually and is backward integrated with a foundry shop to manufacture various components of a typical wagon like couplers, bogies, draft gears, CRF section, etc. As per the scheme of merger approved by the National Company Law Tribunal (NCLT), the assets and liabilities corresponding to the JWL stand transferred to Commercial Engineers & Body Builders Limited (renamed Jupiter Wagons Limited).

Disclaimer: The article is for informational purposes only and not investment advice.