FIIs Increases Stake in This Railway Wagons Manufacturing Company; Stock Gains Over 300 per cent in Just 1 Year!
The company’s shares have delivered an impressive return of over 300 per cent in just 1 year only.
As per the latest update, FIIs have increased their stake from 2.28 per cent to 4.14 per cent. Today, the share of Jupiter Wagons Limited closed at Rs 723.20 per share, compared to the previous day's closing figure of Rs 730.15 per share on the BSE. The current market capitalization stands at Rs 29817.07 crore, and the stock has generated an impressive multibagger return of over 310 per cent in just 1 year only.
Read Rahul Gandhi’s 260 Shares Became 5200 Shares; Stock Hits Upper Circuit Today
Jupiter Wagons Limited is an integrated railway engineering company that manufactures freight wagons and passenger coach items for the Indian Railways. The company is engaged in manufacturing railway wagons, wagon components, castings, and metal fabrication, including load bodies for commercial vehicles, rail freight wagons, and components. Its product portfolio includes wagons such as open wagons, covered wagons, flat wagons, hopper wagons, container wagons, and special purpose wagons. Additionally, it offers wagon accessories like alloy steel cast bogies, high tensile center buffer couplers, and high-capacity draft gears. The company also manufactures couplers, draft gears, and railway turnouts for the Indian Railways and North American railroads.
As per the Quarterly Results, in the fourth quarter of FY24, Jupiter Wagons Limited recorded a revenue of Rs 1113 crore. The operating profit for Q4 FY24 stood at Rs 148 crore. The net profit for Q4 FY24 was Rs 104 crore. Looking at the annual performance, the company generated a revenue of Rs 3641 crore in FY24, compared to Rs 2068 crore in FY23. The operating profit for FY24 was Rs 491 crore, with a net profit of Rs 333 crore.
DSIJ's ‘Penny Pick’ service provides research-backed penny stock recommendations below Rs. 100. If this interests you, do download the service details here.
Regarding the shareholding pattern, the promoters own 70.12 per cent of the company and the public or retail investors hold 24.82 per cent.
Investors must keep this Small-Cap stock on their radar.
Disclaimer: The article is for informational purposes only and not investment advice.