25 times returns and FIIs increase stake: Heavy buying witnessed in this multibagger railway stock with Rs 7,10,166 lakh order book

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25 times return , yes you read it right .

Strong quarterly results were reported by Jupiter Wagons Limited (JWL) in Q4FY24. On Friday, the company’s shares increased by over 15%. Today, the stock reached a new 52-week high as well. The company’s revenue was Rs 1115.41 crore, up 56.72 percent year over year. The company’s operating profit increased by 70.49 percent year over year to Rs 158.95 crore, while its profit after tax jumped by 165.8 percent year over year to Rs 106.23 crore.

Present Data : As on date 10-05-2024

Mkt Cap (Rs. Cr.)20,142
Book Value Per Share
Face Value10

52 Week High497.90
52 Week Low107.90

Net profit we can see:

Currently, JWL is producing load bodies for commercial trucks and containers, weldable CMS crossings, railway wagons, and wagon components. The manufacturing facilities of JWL are situated in Baddi (Himachal Pradesh), Jamshedpur (Jharkhand), Jabalpur (Madhya Pradesh), and Kolkata (West Bengal).

It is backward integrated with a casting shop to make various parts of a typical wagon, such as couplers, bogies, draft gears, CRF section, etc., and has the capacity to manufacture 9,600 wagons yearly. In March 2024, FIIs raised their ownership position in the business. The company has Rs 7,10,166 lakh in orders.

Over the past three years, investors have received multibagger profits from Jupiter Wagons Limited’s shares. The company’s share price increased by approximately 2,500 per cent in a three-year holding period, from Rs 18.30 on May 14, 2021, to Rs 488.55 on May 10, 2024.

Investors should closely monitor this stock because of its amazing rise.

Disclaimer: This is not investment advice; it is merely informational.

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