റെയിൽവേ മന്ത്രാലയത്തിൽ നിന്ന് 2,583 വാഗണുകൾ നിർമ്മിക്കുന്നതിനായി 1,140 കോടി രൂപയുടെ കരാർ ലഭിച്ചതോടെ ജൂപ്പിറ്റർ വാഗൺസ് ലിമിറ്റഡിന്റെ ഓഹരികൾ 8 ശതമാനത്തോളം ഉയർന്നു. തുടർച്ചയായ നാലാം ദിവസവും ഓഹരി വിപണിയിൽ മികച്ച നേട്ടമാണ് കമ്പനി കൈവരിക്കുന്നത്. സ്വകാര്യ-പൊതുമേഖലാ ഓർഡറുകളിലൂടെ കമ്പനിയുടെ ബിസിനസ്സ് വളർച്ച ശക്തമായി തുടരുകയാണെന്ന് മാനേജ്മെന്റ് അറിയിച്ചു.
Jupiter Wagons shares surged over 7.50% after securing a ₹1,140 crore order from the Ministry of Railways to manufacture and supply 2,583 wagons.
Jupiter Wagons Limited shares have surged over 7.50% in today's session after the commpany announced that it has bagged an order worth ₹1140 crore from Ministry of Railways for 2,583 wagons.
ORDER WIN FROM RAIL MINISTRY
In an exchange filing issued on Thursday, October 29, the Kolkata-based rolling stock and mobility solutions company said that it has received an order from the Ministry of Railways (Railway Board) for the manufacture and supply of 2,583 wagons.
The value of this order is pegged at ₹1,140 crore (including taxes). On its orderbook, the company underscored the diversity of its orders from the private and public sectors. According to Jupiter Wagons, alongside its Indian Railways business, the mobility solutions company's private sector order book remains strong. This is aided by demand from private freight operators, wagon leasing companies.
The company added that it expects incremental order inflows of approximately ₹2,000 crore in Q4 FY27.
Commenting on the order, Vivek Lohia, Managing Director, Jupiter Wagons Limited, said: "Over the years, we have integrated backward across the wagon value chain, from castings and bogies to couplers and brake systems, and we are now extending this to wheelsets through our facility in Odisha. That gives us greater control over cost, quality, and delivery timelines. The order supports the Government of India's objective of raising the railways' share of freight movement under the National Rail Plan."
Earlier this year, in August, the company had disclosed a strategic collaboration with Lucchini RS Holding and SIMEST, both based in Italy, to establish the nation's inaugural fully integrated private-sector rail wheel manufacturing facility specializing in wheels, axles, and wheelsets.
As per the agreement between the entities Lucchini RS will procure a 15% equity interest in Jupiter Tatravagonka Railwheel Factory (JTRWF), whereas SIMEST, an Italian state-owned financial entity, will procure an additional 10% equity interest. The aggregate 25% equity interest acquisition carries a valuation of approximately €28 million.
STOCK PERFORMANCE
When we look at the performance of the stock, the shares are soaring with gains of over 7%. The stock opened at ₹186.24 and has traded within an intraday high of ₹198.00.
In the past month, the stock has fallen 12.70% and over the past year of trade, the decline is steeper, with a 41.68% decline.
The stock is trading 45.85% below its 52-week high of ₹358.25. In addition, it is also 14.74% above its 52-week low of ₹169.08. In the past 10 days of trade, the company shares have closed in green on 4 occasions, slumping to red in the other 6 session, extending gains to the 4th straight session.