Heavy buying: Back-to-back upper circuit in this small-cap multibagger stock; gains over 350 per cent in just one year!
Shares of the company have gained more than 250 per cent in the last six months.
Shares of Jupiter Wagons Limited were locked in the upper circuit on Wednesday, gaining 5.00 per cent. The stock has witnessed heavy buying activity from investors in the last two days. Hence, the stock is locked in the upper circuit. Over the previous six months, the stock has gained about 260 per cent.
The company posted strong Quarterly Results. The revenue of the company for Q1FY24 stood at Rs 753.19 crore which grew by 154.97 per cent YoY. The operating profit of the company stood at Rs 99.03 crore, while the PAT of the company stood at Rs 63.06 crore, representing a growth of 378.2 per cent YoY.
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The company's order book for the quarter stands at Rs 6,100 crores, which provides a high visibility of sustained growth for the company. The company has also signed a long-term MOU with RITES to explore global markets for railway freight, with tenders in Zimbabwe and Mozambique. The company also aims to launch its first EV truck by the end of the year and is exploring opportunities in the EV battery market for rolling stock.
Jupiter Wagons Limited is a leading player in the Indian railway wagon manufacturing industry. The railway wagon capacity is currently 7,400 wagons per annum and the company plans to expand it to 8,400 wagons per annum by the end of the year.
The stock has shown tremendous growth and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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