Rs 6,643.66 Crore Order Book: Multibagger Railway Wagons Stock Jumps Over 10 Per Cent With Heavy Volume, Do You Own It?
The stock gave multibagger returns of 540 per cent in 2 years and a whopping 3,625 per cent in 5 years.
On Wednesday shares of Jupiter Wagons Ltd (JWL) jumped 11.17 per cent to Rs 552.65 per share with an intraday high of Rs 565.60 per share and an intraday low of Rs 497 per share from the previous closing of Rs 497.10 per share. The shares of the company saw a spurt in volume by more than 19.86 times on BSE.
Jupiter Wagons Limited (JWL) is a leading provider of comprehensive mobility solutions, offering a diverse range of products and services. From freight wagons and locomotives to passenger coaches, braking systems, and metro coaches, JWL caters to a wide spectrum of industries. With a strong focus on innovation and technological advancements, the company has established strategic partnerships with global leaders to enhance its product offerings and manufacturing capabilities.
With a rich legacy spanning over four decades, JWL has solidified its position as a one-stop shop for mobility solutions. The company's state-of-the-art manufacturing facilities, coupled with its strong financial position, enable it to deliver high-quality products and services. JWL's impressive client base, including Indian Railways, American Railroads, and leading automotive manufacturers, underscores its commitment to customer satisfaction and its ability to meet the evolving needs of the industry.
Jupiter Wagons is a well-capitalized company with a market capitalization exceeding Rs 23,000 crore. Its strong order book of Rs 6,643.66 crore as of September 30, 2024, provides a solid foundation for future growth. The company's financial performance for the second quarter of fiscal year 2025 (Q2FY25) was robust, with a 14.8 per cent year-over-year (YoY) increase in revenue to Rs 100.9 crore and an 8.9 per cent YoY increase in profit after tax (PAT) to Rs 89.36 lakh, resulting in a healthy PAT margin of 8.8 per cent. For the first half of FY25 (H1FY25), the company achieved a 15.7 per cent YoY revenue growth to Rs 188.89 crore and a 25.1 per cent YoY PAT growth to Rs 181.25 lakh, improving the PAT margin to 9.5 per cent.
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Jupiter Electric Mobility has strengthened its position in electric truck and railway battery solutions by acquiring Log9's relevant assets. Jupiter Wagons Limited has rebranded Bonatrans India Private Limited to Jupiter Tatravagonka Rail Wheel Factory Private Limited and plans to expand its production capacity from 20,000 to 100,000 forged wheelsets per year in a new Odisha facility, backed by a Rs 250 crore investment. The company declared an interim dividend of 10 per cent (Re 1 per share) on September 18, 2024, and successfully raised Rs 80 crore through a QIP on July 12, 2024, to fund a new wheel and axle manufacturing plant and support future growth.
The stock gave multibagger returns of 540 per cent in 2 years and a whopping 3,625 per cent in 5 years. Investors should keep an eye on this railway wagon company’s stock.
Disclaimer: The article is for informational purposes only and not investment advice.