Societe Generale bought 23,82,645 shares and Copthall Mauritius Investment bought 10,58,388 shares of this multibagger railway wagon company with Rs 5953 crore order book; do you own it?

The stock gave multibagger returns of 270 per cent in 1 year, 735 per cent in 2 years and a whopping 1,665 per cent in 3 years. I

Jupiter Wagons Limited (formerly Commercial Engineers & Body Builders Co Limited, CEBBCO), have allotted 128,06,595 Equity Shares of face value Rs 10 each to eligible qualified institutional buyers at the issue price of Rs 315 per equity share (including a premium of Rs 305 per Equity Share) against the floor price of Rs 331.34 per equity share, aggregating to Rs 403,40,77,425.

1) Societe Generale – ODI was allocated 23,82,645 shares

2) Copthall Mauritius Investment – ODI was allocated 16,19,047 shares

Followed by Tata Mutual Fund with 16,19,047 shares allocation, Bandhan Mutual Fund was allocated 15,71,428 shares, Rajasthan Global Securities Private Limited was allocated 9,52,380 shares and HSBC Large & Mid Cap Fund was allocated 9,52,380 shares.

Financials

The company reported excellent financial results for both Q2FY24 and H1FY24 with significant growth in revenue, EBITDA, and PAT. Revenue for Q2FY24 increased by 111 per cent YoY to Rs 879.30 crore, while EBITDA grew by 143 per cent YoY to Rs 121.17 crore. PAT for the quarter also jumped by 229 per cent YoY to Rs 81.58 crore, resulting in an EPS of Rs 2.04 per share.

Similarly, for H1FY24, revenue climbed by 129.2 per cent YoY to Rs 1632.48 crore, EBITDA by 172 per cent YoY to Rs 218.51 crore, and PAT by 280 per cent YoY to Rs 145.18 crore. This translates to an EPS of Rs 3.66 per share for H1FY24.

Notably, the company maintained its industry-leading margin throughout both periods. Additionally, the company boasts a robust order book of Rs 5952.65 crore as of September 30, 2023, demonstrating continued strong business momentum.

Jupiter Wagons Ltd is primarily involved in the business of manufacturing metal fabrication comprising load bodies for commercial vehicles, rail freight wagons, and components. The company has a market cap of over Rs 13,500 crore.

On Thursday, shares of Jupiter Wagons Ltd were locked in a 5 per cent lower circuit to Rs 323.30 per share with an intraday high of Rs 335 and an intraday low of Rs 323.30. The stock’s 52-week high is Rs 412.5 and its 52-week low is Rs 71.05.

The stock gave multibagger returns of 270 per cent in 1 year, 735 per cent in 2 years and a whopping 1,665 per cent in 3 years. Investors should keep an eye on this railway wagons company’s stock.

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