The shares of Railway stock, specializing in the production of railway wagons, coaches, and other transport equipment, jumped 8 percent following the bulk deal involving Atyant Capital India Fund
Price action
With a market capitalization of Rs. 15,141 crores on Friday, the shares of Jupiter Wagons Limited jumped up to 8 percent making a high of Rs. 383.60 per share compared to its previous closing price of Rs. 355.80 per share.
What Happened
Jupiter Wagons Limited, a company specializing in the production of railway wagons, coaches, and other transport equipment, recently experienced a bulk deal in which Atyant Capital India Fund 1 FDI sold a 0.94 percent stake. In this transaction, 40 lakh shares were sold at Rs. 365.6 each, resulting in a total value of around Rs. 146.24 Crores.
About the Company
Jupiter Wagons Limited specializing in designs and manufactures a wide range of products, including freight wagons, passenger coaches, and specialized railway components. Jupiter Wagons is known for its high-quality engineering solutions and serves both domestic and international markets. The company has an Order Book of Rs. 6,320 crore as of December 31, 2024.
Operating Highlights (Q3 & 9MFY25)
In Q3FY25, Jupiter Wagons produced 2,259 railway wagons, 297 CMS crossings, 2,391 commercial vehicle bodies and components, 258 containers, 48 wheels, 1,498 axles, 2,288 wheel sets, 4,237 brake discs, 4,258 axle boxes/hubs (export), and 158 axle-mounted disc brake systems.
Jupiter Wagons Ltd has increased its stake in subsidiary Jupiter Electric Mobility (JEM) from 60 percent to 75 percent. This is through the purchase of shares as well as by way of a Preferential Issue.
Financials
The company’s revenue rose by 15.9 percent from Rs. 900.81 crore to Rs. 1,044.65 crore in Q3FY24-25. Meanwhile, Net profit rose from Rs. 81.45 crore to Rs. 97.34 crore during the same period.
Written by Sridhar J
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