Railway Stock: Every time IRFC or RVNL make headlines with new orders but this time another railway Stock is in focus after securing a Rs 600 Crore Order from Adani Group. Actually Jupiter Wagon Limited (NSE: JWL) bagged a huge order for manufacturing and supplying BCFCM RAKES wagons. With this order, Jupiter Wagon’s order book now stands at Rs 7,000 crore. Know more details below.
Jupiter Wagon Order Details
Jupiter Wagon Limited has bagged a Rs 600 Crore worth order from Ambuja Cements and ACC Limited, both part of Adani Group of Companies. As per the agreement, JWL will manufacture and supply BCFCM RAKES wagons. This order will not only boost its Order Book but also strengthen its position in the rail freight segment. The stock will be under the radar of many Investors when the Market opens on Monday.
Jupiter Wagon Share News
Jupiter Wagon is making the headlines with another major update apart from the order from Adani Group. Actually, Jupiter Electric Mobility Private Limited (JEM) , a subsidiary of Jupiter Wagon Ltd, is strengthening its eLCV business. In addition, JEM also launched its own app “JEM Saathi” through which the company provides various services to customers.
Also Check: IRFC Share Price Target From Tomorrow to 2050
Jupiter Wagon Order Book
Jupiter Wagon Order Book reached Rs 7,000 crore with the new Rs 600 Crore order from Adani Group of Companies.
Jupiter Wagon Q3 Results
Jupiter Wagons reported a 17.5% profit growth YoY to Rs 97 crore from Rs 83.3 crore in the same period of last year. Revenue also grew by 11.63% to Rs 1,000 crore compared to Rs 895.8 crore in the last corresponding quarter. Operating profit also increased to Rs 151.1 crore in Q3FY25 from Rs 129.7 crore in Q3FY24.
Railway Stock Declined 39% YTD
Jupiter Wagons share declined 4.42% to Rs 311.50 on Friday after opening at Rs 327.90. In the last one month, the stock has experienced massive corrections, falling nearly 28%. This year so far, JWL shares are down by 39% and nearly 16% in the last one year, meanwhile the stock has seen a 487.18% gain in the last 5 years. With a market cap of Rs 13,261.32 crore, Jupiter Wagons Share is currently trading at Rs 311.50
Jupiter Wagon Shareholding Pattern
Talking about the shareholding pattern, the promoters own 68.11% of the stake, the public investors hold 26.71%, FIIs hold 3.4% and the remaining 1.74% are held by Domestic institutional investors.
Wall Street Says Jupiter Wagon Fundamental Looks Strong
According to Wall Street, the fundamentals of Jupiter Wagons look so strong and the market could be wrong about the company. With a ROE of 27.38% and ROCE of 31.71% Jupiter Wagons is poised for significant growth in the future.
Investors and traders should keep a close eye on this stock and stay updated on the latest updates.
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