Rs 7,10,166 lakh order book and 2,700 per cent returns: Heavy buying witnessed in this multibagger railway stock; hits fresh 52 weeks high!

Shares of the company gained more than 60 per cent in the last six months.

Shares of Jupiter Wagons Limited gained more than 7 per cent on Monday. The stock also made a new 52-week high today. A few months back Jupiter Wagons Limited (JWL) acquired Bonatrans India (BIPL) for Rs. 271 crores, making it the first Indian rolling stock manufacturer with their own wheel plant. BIPL, located in Aurangabad, Maharashtra, is a renowned manufacturer of wheelsets with a capacity of 20,000 wheels and 10,000 axles annually. This acquisition strengthens JWL's self-sufficiency, reduces reliance on imports, and improves operational efficiency.

JWL is currently engaged in manufacturing railway wagons, wagon components, weldable CMS crossings, and load bodies for commercial vehicles and containers. JWL has its manufacturing units located in Kolkata (West Bengal), Jabalpur (Madhya Pradesh), Jamshedpur (Jharkhand), Indore (Madhya Pradesh), and Baddi (Himachal Pradesh).

It has the capacity to manufacture 9,600 wagons annually and is backward integrated with a foundry shop to manufacture various components of a typical wagon like couplers, bogies, draft gears, CRF section, etc. FIIs increased their stake in the company in March 2024. The company has an order book of Rs 7,10,166 lakh.

Shares of Jupiter Wagons Limited have also delivered multibagger returns of about 2,700 per cent in a three-year holding period. Jupiter Wagons Limited (JWL) has posted strong Quarterly Results in Q4FY24. The revenue of the company stood at Rs 1115.41 crore which grew by 56.72 per cent YoY. The operating profit of the company stood at Rs 158.95 crore which grew by 70.49 per cent on a YoY basis, while the PAT of the company stood at Rs 106.23 crore, which increased by 165.8 per cent on a YoY basis.

The stock has shown impressive growth, and investors should keep a close eye on this stock.   

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