JUPITER WAGONS LIMITED. In the last one year itself, the shareholders have received a good return. On August 8, 2022, the share price was Rs.58.75.
On August 9, 2023, the share price rose to Rs 244.65. During the holding period of one year, the share price has increased by about 270 percent. A person who invested Rs 1 lakh in the shares of this company a year ago now has an investment value of Rs 2.70 lakh.
Founded in 2006, Jupiter Wagons Limited is part of the Kolkata-based Jupiter Group. Indian Railways is one of the leading companies in the wagon manufacturing industry. The company has an annual production capacity of 4,200 wagons. Works on the manufacture of various components of a standard wagon such as couplers, bogies, draft gears, etc. As per the scheme of merger approved by the National Company Law Tribunal, the assets and liabilities of the company have been transferred to Commercial Engineers and Body Builders Ltd.
Today, the stock price is Rs 244.65 at 12 noon. The 52-week high is Rs 244.65. 57.15 and the lowest price is Rs. Yesterday, the share price rose by five percent and reached the upper circuit limit of Rs.232. The share price surged due to the release of a good quarterly result report. The company’s consolidated net profit rose five-fold to Rs 62.85 crore in the previous quarter. Revenue increased by 155 percent to Rs 755 crore. It is a watchable stock for those who want to invest in shares of railway related companies.
(Disclaimer: Investing in stocks is risky. This article is not a recommendation to invest in any stocks)
