2,500 per cent returns and FIIs increase stake: Heavy buying witnessed in this multibagger railway stock with Rs 7,10,166 lakh order book!
The revenue of the company stood at Rs 1115.41 crore which grew by 56.72 per cent YoY.
The operating profit of the company stood at Rs 158.95 crore which grew by 70.49 per cent on a YoY basis, while the PAT of the company stood at Rs 106.23 crore, which increased by 165.8 per cent on a YoY basis.
The shares of Jupiter Wagons Limited have also delivered multibagger returns to its shareholders in the last three years.
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2,500 per cent returns and FIIs increase stake: Heavy buying witnessed in this multibagger railway stock with Rs 7,10,166 lakh order book!
Shares of the company gained more than 50 per cent in the last six months.
Jupiter Wagons Limited (JWL) has posted strong Quarterly Results in Q4FY24. The shares of the company gained more than 15 per cent on Friday. The stock also made a new 52-week high today. The revenue of the company stood at Rs 1115.41 crore which grew by 56.72 per cent YoY. The operating profit of the company stood at Rs 158.95 crore which grew by 70.49 per cent on a YoY basis, while the PAT of the company stood at Rs 106.23 crore, which increased by 165.8 per cent on a YoY basis.
JWL is currently engaged in manufacturing railway wagons, wagon components, weldable CMS crossings, and load bodies for commercial vehicles and containers. JWL has its manufacturing units located in Kolkata (West Bengal), Jabalpur (Madhya Pradesh), Jamshedpur (Jharkhand), Indore (Madhya Pradesh), and Baddi (Himachal Pradesh).
It has the capacity to manufacture 9,600 wagons annually and is backward integrated with a foundry shop to manufacture various components of a typical wagon like couplers, bogies, draft gears, CRF section, etc. FIIs increased their stake in the company in March 2024. The company has an order book of Rs 7,10,166 lakh.
The shares of Jupiter Wagons Limited have also delivered multibagger returns to its shareholders in the last three years. During this period, the company's share price surged from Rs 18.30 on May 14, 2021, to Rs 488.55 on May 10, 2024, representing an increase of about 2,500 per cent in a three-year holding period.
The stock has shown impressive growth, and investors should keep a close eye on this stock.
Disclaimer: The article is for informational purposes only and not investment advice.
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