Introduction:
Leading railway manufacturer has secured a long-term purchase and sale agreement worth up to ₹2000 crore, strengthening its industry presence. Additionally, it plans to relocate its upcoming Captive Alloy Steel Foundry and has re-appointed an Independent Director for another term.
Share price movement of Jupiter Wagons:
On March 5, 2025, Jupiter Wagons Limited opened at ₹294.45, up 0.55% from its previous close of ₹292.85. The stock reached a high of ₹307.00 (up 4.83%) and a low of ₹294.15. By 11:46 AM, it traded at ₹304.10, a 3.84% increase, with a market cap of ₹12,908.99 crore.
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Jupiter Wagons Secures ₹2000 Crore Deal:
Jupiter Wagons Limited’s board approved a long-term purchase and sale agreement worth up to ₹2000 crore with Jupiter Tatravagonka Railwheel Factory. This strategic deal strengthens the company’s position in the railway sector, boosting its business prospects and growth outlook.
The company also announced the re-appointment of Mr. Ganesan Raghuram as an Independent Director for a second five-year term, effective May 19, 2025. Additionally, Jupiter Wagons decided to relocate its planned Captive Alloy Steel Foundry from Jabalpur, Madhya Pradesh, to Bandel, West Bengal.
These developments align with Jupiter Wagons’ expansion strategy, enhancing manufacturing capabilities and supply chain efficiency. The company will seek shareholder approval for these decisions via postal ballot, with further details on the process to be communicated soon.
Recent news on Jupiter Wagons:
As of February 01, 2025, Jupiter Wagons Ltd secured a ₹600 crore order from Ambuja Cement and ACC for BCFCM rakes. This boosts its order book to ₹7,000 crore, reinforcing its strong presence in railway wagon manufacturing and supply.
Stock performance of Jupiter Wagons for Period of 1 week, 6 months, and 1 year:
Jupiter Wagons Limited faced a 4.89% decline in the past week, a sharp 46.5% drop over six months, and a 22.6% fall in a year, indicating persistent market challenges despite recent strategic expansions and business developments.
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Shareholding pattern of Jupiter Wagons:
| Particulars | Dec 2024 | Sep 2024 | Jun 2024 |
| Promoter | 68.10% | 68.10% | 70.10% |
| FII | 3.40% | 4% | 4% |
| DII | 1.70% | 2.00% | 0.90% |
| Public | 26.70% | 26.40% | 24.80% |
About Jupiter Wagons:
Jupiter Wagons Ltd (NSE: JWL) specializes in manufacturing metal fabrication, including load bodies for commercial vehicles, rail freight wagons, and components. The company plays a key role in India’s transportation sector with a strong market presence and growth potential.
Disclaimer: The above article is written for educational purposes, and the companies’ data mentioned in the article may change with respect to time. The securities quoted are exemplary and are not recommendatory.
