This company making railway wagons made investors rich, 270% return in 1 year, share jumped due to excellent results – jupiter wagons share delivered impressive returns of over 270 percent in a year

This company making railway wagons made investors rich, 270% return in 1 year, share jumped due to excellent results – jupiter wagons share delivered impressive returns of over 270 percent in a year

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New Delhi : Jupiter Wagons Limited has given multibagger returns to its shareholders in the last one year. The share price of the company increased from Rs.58.75 as on August 08, 2022 to Rs.232.95 as on August 08, 2023 during this period. This is a return of almost 270% in a period of one year. In such a situation, an investment of Rs 1 lakh in the shares of this company a year ago would have become Rs 2.70 lakh today.

The company’s net revenue on a consolidated basis grew 154.97% YoY to Rs 753.19 crore from Rs 295.40 crore in Q1FY24. Whereas, the profit in Q1FY24 increased by 378.2% YoY to Rs 63.06 crore.

Jupiter Wagon Limited (JWL), incorporated in the year 2006, was a part of the Kolkata based Jupiter Group and a major player in the Indian Railways wagon manufacturing industry. JWL had the capacity to manufacture 4,200 wagons annually and is integrated with a foundry shop for manufacturing various components of a typical wagon like coupler, bogie, draft gear, CRF section etc.

Today the stock opened in upper circuit at Rs.232.95. The stock’s 52 week high is Rs 234.75 and 52 week low is Rs 57.15.

This article is powered by Dalal Street Investment Journal, India’s No. 1 Investment Magazine. Click here to get regular updates about Winning Stocks and Recommendations.

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