ജൂപ്പിറ്റർ വാഗൺസ് ഓഹരി കുതിച്ചുയരുന്നു: റെയിൽവേയിൽ നിന്ന് 1,140 കോടിയുടെ വമ്പൻ ഓർഡർ ലഭിച്ചു

Jupiter Wagons share price surged over 9% to hit an intraday high of ₹198 apiece on Thursday, October 29, after the company secured a major order worth ₹1,140 crore from the Ministry of Railways.

Jupiter Wagons new order details

In an exchange filing on Thursday, Jupiter Wagons said the order was awarded by the Ministry of Railways (Railway Board). The order valued at ₹1,140 crore.

Jupiter Wagons highlighted the diversity of its order book across public and private sector customers. Alongside its business with Indian Railways, the company continues to see strong demand from private freight operators and wagon leasing companies, supporting its private sector order book.

“The receipt of this order further reinforces the company's position as a key player in the railway rolling stock manufacturing sector and reflects its continued contribution towards meeting the Indian Railways’ rolling stock requirements,” said the company in a filing.

“Indian Railways is adding freight capacity at a scale and pace this country has not seen before, and this order reflects the Ministry’s continued confidence in our ability to deliver. 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. Our private sector order book remains strong, and we expect to add around INR 2,000 crore of incremental orders next quarter, giving us healthyvisibility. We are ready to execute with the discipline this programme demands as India moves a greater share of its freight by rail on the path to Viksit Bharat 2047," said Vivek Lohia, Managing Director, Jupiter Wagons Limited.

Jupiter Wagons share price performance

Jupiter Wagons share price has shown mixed performance in the near term, rising 3.53% over the past week. However, the stock has remained under pressure over the past month, declining 14.03%, indicating continued weakness in its recent performance.

The stock has witnessed a sharp correction over the longer term, falling 43.94% year-to-date (YTD) and 42.56% over the past one year. It has also declined 38.94% over the past three years, reflecting sustained pressure on its share price during this period.