Rs 7,101.66 crore order book and FIIs increase stake: Heavy buying in this multibagger railway wagons stock – hit fresh 52-week high!

The stock gave multibagger returns of 400 per cent in 1 year and a whopping 2,700 per cent in 3 years.

Today, one of the Top Gainers on BSE, shares of Jupiter Wagons Ltd (JWL) surged 9.65 per cent and made a fresh new 52-week high of Rs 682.80 per share from the previous closing of Rs 622.70 per share. At the closing bell, shares of the company were trading at Rs 658.30 per share, up 5.72 per cent with a spurt in volume by more than 1.36 times on BSE.

Jupiter Wagons Ltd (JWL) is a manufacturer focused on metal fabrication, specifically creating load bodies for commercial vehicles (like shipping containers and garbage-bin collectors), rail freight wagons, and various components. This diverse product portfolio caters to a wide range of industries, including mining, road construction, transportation, waste management, city services, and even national defence.

Recently, Jupiter Electric Mobility, a subsidiary of Jupiter Wagons, has received approval from ARAI to begin production of the JEM TEZ, a 1-ton electric vehicle marking their entry into the Indian commercial EV market. The JEM TEZ prioritizes both performance and fleet management with its industry-leading 20-minute fast charging at compatible stations and a 127-kilometre range, while also incorporating Telematics technology for real-time vehicle monitoring to ensure smooth operation and efficient maintenance for commercial applications.

Also Read: Reliance Group-backed multibagger penny stock at Rs 28.67 was locked in upper circuit as the company becomes debt-free on a standalone basis!

Talking about the financials, the company has a market cap of over Rs 27,000 crore and has delivered good profit growth of 80.1 per cent CAGR over the last 5 years. In its Quarterly Results (Q4FY24) and annual results (FY24), the company reported amazing numbers. As of March 31, 2023, the company order book stands at Rs 7,10,166 lakh.

In Q4FY24, the company delivered strong financial results. Total income surged 57 per cent year-over-year (YoY) to Rs 1,12,134 lakh. EBITDA followed suit, rising 59 per cent YoY to Rs 14,772 lakh. Profit after tax (PAT) witnessed a significant increase of 156 per cent YoY to Rs 10,422 lakh. The company's financial performance for FY24 was strong, with total income nearly doubling year-over-year to Rs 3,66,224 lakh. Profit after tax (PAT) followed suit, surging 165 per cent to Rs 33,279 lakh.

In April 2024, FIIs increased their stake to 2.28 per cent compared to 1.26 per cent in December 2023. The stock gave multibagger returns of 400 per cent in 1 year and a whopping 2,700 per cent in 3 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.