Jupiter Wagons zooms 6% on bagging Rs 957-crore order from railways

The share touched a 52-week high of Rs 433.95 and a 52-week low of Rs 85.37 on 23 January, 2024 and 28 March, 2023, respectively.

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Shares of Jupiter Wagons zoomed 6 percent in the early trade on March 7 after the company bagged a Rs 957-crore order from the rail ministry.

At 9:31am, Jupiter Wagons was quoting Rs 384.30, up Rs 22.40, or 6.19 percent, on the BSE.

“T=he Ministry of Railways (Railway Board) has placed an offer to the company for manufacture and supply of 2,237 numbers of BOSM wagons for a contract value of Rs 956,87,67,500,” the company said.

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In the quarter ended December 2023, the company’s net profit increased by 82.6 percent to Rs 81.45 crore. In January, the company received a contract from one of the leading automobile manufacturers for the manufacturing and supply of four rakes of double-decker automobile carrier wagons worth around Rs 100 crore.

Also, in December 2023, the rail ministry awarded an order to manufacture and supply 4,000 BOXNS wagons for a contract value of Rs 1,617 crore.

The share touched a 52-week high of Rs 433.95 and a 52-week low of Rs 85.37 on January 23, 2024 and March 28, 2023, respectively. Currently, the stock is trading 11.44 percent below its 52-week high and 350.16 percent above its 52-week low.