Synopsis: Jupiter Wagons Ltd has caught the attention of IDBI Capital, which has issued a ‘Buy’ recommendation on the stock, highlighting strong technical indicators and growth potential.
IDBI Capital has placed a bullish view on Jupiter Wagons Ltd, setting a price target of Rs. 485, indicating a 45.65% upside. The recommendation is driven by favorable technical trends and strong investor sentiment around the company.
With a market capitalization of Rs. 14,117 cr, the shares of Jupiter Wagons Ltd are currently trading at Rs. 333 per share, from its previous closing of Rs. 338.75 apiece.
Technical chart
The stock has an all-time high of Rs. 748 apiece, which has slipped nearly 55% and is currently trading at 333 per share. If the share shows any reversal, it has the potential to go to the levels of Rs. 485.
From a technical standpoint, Jupiter Wagons Ltd had established a firm base around its 200-week simple moving average, suggesting a potential short-term bottom. The weekly Relative Strength Index (RSI) had also exited the oversold territory, indicating strengthening momentum. Furthermore, the alignment and upward trend of both short- and medium-term moving averages supported a bullish outlook.
Based on these factors, the firm recommended initiating long positions between Rs. 420–Rs. 410, with a stop loss set at Rs. 370 and a target range of Rs. 485–Rs. 510.
About the company
Jupiter Wagons Ltd is an Indian company primarily engaged in the manufacturing of railway wagons, high-speed brake systems, and related components. It also provides solutions for freight cars, passenger coaches, and specialized railway equipment. The company serves both domestic and international markets and plays a vital role in supporting the country’s rail infrastructure and logistics sector.
Jupiter Wagons Ltd has showcased strong financial performance, with ROCE of 21.6% and ROE of 17.1%. The company has delivered an impressive profit growth of 125% CAGR over the last five years. Additionally, Foreign Institutional Investors (FIIs) have shown growing confidence in the company, increasing their stake from 3.86% to 4.45%.
Key highlights for FY25 from Jupiter Wagons Ltd:
- Major Orders: Secured Rs. 600 crore order from Ambuja Cement & ACC, Rs. 255 crore from Braithwaite & Co, Rs. 150 crore for passenger brake systems, and Rs. 65 crore for brake discs.
- Railwheel Factory Project: Building a facility in Odisha to produce 1 lakh wheelsets annually; Rs. 2,500 crore project funded 65% by debt, with contracts awarded.
- Electric Mobility: Launched manufacturing facility in Indore and JEM Tez e-LCV; partnered with Porter; acquired Log9’s electric truck & railway battery assets; began rollout of e-LCVs and battery products from April 2025.
Jupiter Wagons has a strong order book of Rs. 6,303.6 crore as of March 31, 2025, providing revenue visibility.
Written by Manideep Appana
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