Jupiter Wagons continues bullish run; rail freight stock hits 52-week high after strong Q4 results

Jupiter Wagons shares zoomed to a 52-week excessive value of ₹484.35 apiece on Friday, Could 10, rising 15%. The rail freight wagon maker’s inventory has risen for the fourth consecutive session. The one-month acquire on the inventory is sort of 28%, whereas the one-year return on Jupiter Wagons is greater than 346%.

The Road stays bullish on Jupiter Wagons because the agency reported an over two-fold soar in its standalone internet revenue to ₹104.22 crore within the March quarter, on account of upper earnings.

It had reported a internet revenue of ₹40.78 crore within the January-March interval of FY22–23, the corporate mentioned in a press release on Wednesday.

The corporate’s whole earnings throughout the quarter rose to ₹1,121.34 crore from ₹712.71 crore within the year-ago interval.

Through the quarter, Jupiter Wagons Ltd (JWL) secured an order for the manufacturing and provide of 4 rakes of double-decker car service wagons totaling ₹100 crore.

As of March 31, the corporate’s order ebook stood at ₹7,101.66 crore.

Home brokerage Vintage Inventory Broking is assured in Jupiter Wagon’s place in mobility options and initiatives a turnover improve to ₹7,000-₹8,000 crore over the following 5 years.

On March 20, Jupiter Wagon’s permitted the acquisition of 94.25% stake in Bonatrans India Non-public for a money consideration of ₹271 crore.