Jupiter Wagons shines on getting contract worth Rs 100 crore
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Jupiter Wagons is currently trading at Rs. 353.05, up by 10.45 points or 3.05% from its previous closing of Rs. 342.60 on the BSE.
The scrip opened at Rs. 353.00 and has touched a high and low of Rs. 357.00 and Rs. 346.00 respectively. So far 72739 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 412.50 on 06-Sep-2023 and a 52 week low of Rs. 85.37 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 357.00 and Rs. 315.00 respectively. The current market cap of the company is Rs. 14125.18 crore.
The promoters holding in the company stood at 72.37%, while Institutions and Non-Institutions held 1.86% and 25.76% respectively.
Jupiter Wagons has received significant contract from one of the leading automobile manufacturers for the manufacturing and supply of 4 rakes of Double Decker Automobile Carrier Wagons worth around Rs 100 crore.
These tallest Double Decker Automobile Carrier Wagons will be able to carry SUV editions on both bottom and top deck and come with a numbers of advanced technologies like articulated bogies and reduced idling time on account of sick wagon substitution. Such wagons are being introduced to the Indian Railways for the first time considering the maximum moving dimensions which not only suits the Dedicated Freight Corridor (DFC) but also will comply with a large section of the available national railway network.
Jupiter Wagons is a leading company providing complete mobility solutions with a rich legacy of over four decades.
