Rs 7,07,631 lakh order book and FIIs & DIIs increase stake: This railway wagons company bags new order worth Rs 956,87,67,500 from Ministry of Railways

The stock gave multibagger returns of 300 per cent in 1 year, 1,840 per cent in 3 years and a whopping 3,400 per cent in a decade.

The Ministry of Railways (Railway Board) has offered Jupiter Wagons Ltd, a contract to manufacture and supply 2,237 BOSM Wagons for a contract value of Rs 956,87,67,500.

While their core business is manufacturing metal parts used in various industries, Jupiter Wagons primarily focuses on creating load bodies for commercial vehicles, rail freight wagons, and their components. This diverse product portfolio includes shipping containers, garbage collectors, and even troop carrier vehicles, catering to sectors like mining, transportation, and defence. Their key clients include major companies like Tata Motors and the Indian Railways, with over 70 per cent of their revenue coming from the latter.

Today, one of the Top Gainers on BSE & NSE, shares of Jupiter Wagons Ltd gained 9.92 per cent in the pre-opening session to Rs 398 per share from its previous closing of Rs 362.05. At 09:20 am, shares of the company were trading at Rs 384.25 per share, up 6.13 per cent. The stock’s 52-week high is Rs 434 while its 52-week low is Rs 85.20.

Talking about the financials, the company has a market cap of over Rs 15,000 crore and has delivered good profit growth of 40 per cent CAGR over the last 5 years. In its Quarterly Results (Q3FY24) and nine-month results (9MFY24), the company reported positive numbers. As of December 31, 2023, the company order book stands at Rs 7,07,631 lakh and including the above order the order book crosses Rs 8,00,000 lakh.

In December 2023, FIIs increased their stake to 1.26 per cent and DIIs increased their stake to 2.05 per cent compared to 0.86 per cent and 1.01 per cent, respectively in September 2023. The stock gave multibagger returns of 300 per cent in 1 year, 1,840 per cent in 3 years and a whopping 3,400 per cent in a decade. Investors should keep an eye on this railway wagons company’s stock.

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