🚂 Jupiter Wagons Share Price Soars by 5% to Reach ₹330.60 💹
Jupiter Wagons Limited witnessed a significant surge in its share price on Thursday, as it climbed by 5% to reach ₹330.60. The company attributed this rapid increase to a major development – it has secured a contract worth ₹1,617 crore from the Ministry of Railways for the supply of 4,000 wagons. The company promptly informed the stock exchange about this accomplishment. Currently, the share is trading at ₹335.60, experiencing a further rise of 2.15%.
📢 What the Company Has to Say? 🗣️
Jupiter Wagons announced to the stock markets that it has been awarded a contract by the Rail Board for the production and supply of 4,000 BOXNS wagons, valued at ₹1,617 crore.
💹 Share Performance Over the Past Six Months 📈
Jupiter Wagons’ share price closed at ₹330.60 on Thursday, registering a growth of ₹15 or 5%. In the last month alone, the company’s share price has increased by 4.80% or ₹15.15. Looking at its performance in the past six months, the share has witnessed an impressive surge of 126.21%, equivalent to ₹184. Moreover, over the course of the past year, the stock has provided a robust return of 272.93%. The 52-week high for the share stands at ₹330.60, while the lowest level is ₹315.55.
💰 Financial Performance of Jupiter Wagons 📊
In the September quarter, the railway company recorded a remarkable 241% increase in profits. The net profit for the quarter ended September 2023 rose to ₹82.1 crore, compared to ₹24.1 crore in the same period last year. The company’s revenue for the September quarter also saw a substantial growth of 112%, reaching ₹885.1 crore, compared to ₹417.7 crore in the previous financial year’s second quarter.
So, it’s clear that Jupiter Wagons Limited is on a steady growth trajectory, riding on its recent contract win and delivering impressive financial results. Investors and market watchers are keeping a close eye on this stock as it continues to gain momentum.
📈📉 Stay tuned for more updates on Jupiter Wagons’ share price movements!
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
