On September 25, 2020, the railway sector stock closed at Rs 16.25. On September 27, 2023, it was worth Rs 317.60 on the BSE. This gave buyers a return of 1854%.
In the last three years, shares of multibagger Jupiter Waggons Ltd have made gains of more than 100 percent. On September 25, 2020, the railway sector stock closed at Rs 16.25. On September 27, 2023, it was worth Rs 317.60 on the BSE. This gave buyers a return of 1854%. If you had put Rs 1 lakh into shares of a company that makes railway waggons three years ago, you would have Rs 19.54 lakh today. Sensex, on the other hand, has gone up by 76.04 percent during the same time.
In early trading today, Jupiter Waggons shares were stuck at Rs 317.60, which is 5% higher than the previous close of Rs 302.50 on BSE. The stock of Jupiter Waggons has gone up 358.63% in a year and 229% in 2023.
On BSE today, a total of 0.21 lakh shares of the company were traded, bringing in Rs 66.74 crore. On BSE, the company’s market value went up to Rs 12,687.71 crore.
On September 6, 2023, the stock hit a 52-week high of Rs 412.50 and a 52-week low of Rs 66.90.
In terms of technicals, Jupiter Waggons’ relative strength index (RSI) is at 44.6, which means that it is neither overbought nor oversold. Shares of Jupiter Waggons are selling lower than the 10 day, 20 day, and 30 day moving averages, but higher than the 50 day, 100 day, and 200 day moving averages.
For the quarter that finished in June 2023, the company’s net profit went from Rs 12.9 crore to Rs 62.9 crore, which is a 387.59% increase. During the quarter that finished in June 2023, revenue shot up by 154.68%, from Rs 296.6 crore to Rs 755.4 crore.
From the March quarter of the previous fiscal year, when the profit was Rs 39.2 crore, it jumped by 60.45% in the next quarter. From Rs 712.7 crore in the March 2023 quarter, sales went up by 6%.
For the fiscal year that ended in March 2023, the net profit jumped by 143.75% to Rs 120 crore from Rs 50 crore for the fiscal year that ended in March 2022. In the fiscal year that finished in March 2023, sales went up 75.45%, from Rs 1181.75 crore to Rs 2073 crore.
Jupiter Waggons is a company in India that makes railway waggons, passenger buses, waggon parts and castings. At the company’s combined facilities, railway waggons, high-speed bogies, and railway castings are made.