Jupiter Wagons jumps as its arm signs MoU with Pickkup
Jupiter Wagons is currently trading at Rs. 411.00, up by 10.35 points or 2.58% from its previous closing of Rs. 400.65 on the BSE.
The scrip opened at Rs. 406.55 and has touched a high and low of Rs. 419.20 and Rs. 406.55 respectively. So far 267114 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 748.05 on 05-Jul-2024 and a 52 week low of Rs. 270.20 on 03-Mar-2025.
Last one week high and low of the scrip stood at Rs. 419.20 and Rs. 393.65 respectively. The current market cap of the company is Rs. 17476.58 crore.
The promoters holding in the company stood at 68.11% while Institutions and Non-Institutions held 5.57% and 26.32% respectively.
Jupiter Electric Mobility (JEM), the electric vehicle arm of Jupiter Wagons, has signed an Memorandum of Understanding (MoU) with Pickkup, a fast-growing Delhi-based logistics platform specialising in sustainable intra-city and intercity deliveries. Congruent with India's vision for clean mobility and committed to the Government of India's PM e-DRIVE scheme, the tie-up signifies a strategic leap towards promoting electric vehicle usage in the logistics industry. The partnership aims to deploy 300 units of JEM TEZ, JEM's top-of-the-line electric light commercial vehicle, in Pickkup's growing EV fleet by the end of this year.
The collaboration kicks off with the successful delivery of the first batch of JEM TEZ vehicles under the MoU, following extensive pilot runs that showcased the exceptional capability of delivering real-world performance, range reliability, and operational efficiency across both intra-city and inter-city routes. The vehicles exhibited a consistent range of more than 190 km, reaching up to 220 km in a single charge across varying operating conditions ranging from heavy urban roads to intercity corridors such as Delhi to Chandigarh.
Jupiter Wagons is engaged in the business of manufacturing vehicle bodies for the commercial vehicles industry for Original Equipment Manufacturers (OEMs) engaged in the production of Fully Built Vehicles (FBVs).
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