The Central Government has announced an ambitious program to upgrade 40,000 standard rail coaches to Vande Bharat standards, to elevate the safety, convenience, and comfort of rail travel while also providing a boost to private sector railway manufacturers through new refurbishment contracts
Here are some of the stocks that are associated with the manufacturing and operations of the Vande Bharat Trains that are trading at a Discount
Jupiter Wagons Limited
Jupiter Wagons Limited is engaged in the business of manufacturing metal fabrication, railway wagons, wagon components, castings, and many more comprising load bodies for commercial vehicles, rail freight wagons, and components.
With a market capitalization of Rs. 12,690 Crores, the shares of Jupiter Wagons Limited closed at Rs. 307.80, down 9.59 percent from its previous day’s close price of Rs. 340.45.
Jupiter Wagons Limited hit its 52-week high price of Rs. 434 on January 5, 2024, comparing the same with its current market price of Rs. 308, it is trading at a discount of 29 percent.
As of Q3FY24 Jupiter Wagons has an order book of Rs. 7,076.31 Crores, which consists of Railway Wagons, CMS Crossing, Commercial Vehicle Bodies & Components, Containers, Hubs, Brake Disc Assemblies, and others.
Its revenue from operations grew by 39.13 percent from Rs. 644 Crores in Q3FY23 to Rs. 896 Crores in Q3FY24, accompanied by increasing profits of Rs. 46 Crores to Rs. 83 Crores.
Rail Vikas Nigam Limited
Rail Vikas Nigam Limited is a central public sector enterprise with a Navratna status, it is engaged in the business of implementing various types of Rail infrastructure projects like doubling, gauge conversion, new lines, railway electrification, major bridges, etc.
With a market capitalization of Rs. 46,287 Crores, the shares of Rail Vikas Nigam Limited closed at Rs. 222, down 8.83 percent from its previous day’s close price of Rs. 243.50.
Rail Vikas Nigam Limited hit its 52-week high price of Rs. 345.50 on January 23, 2024, comparing the same with its current market price of Rs. 222.40, it is trading at a discount of 35.62 percent.
Its revenue from operations declined by 6.44 percent from Rs. 5,012 Crores in Q3FY23 to Rs. 4,689 Crores in Q3FY24, accompanied by profits of Rs. 382 Crores to Rs. 359 Crores.
Bharat Earth Movers Limited
Bharat Earth Movers Limited Limited (BEML) is engaged in the business of manufacturing and supplying a wide range of heavy earthmoving equipment catering to the mining and construction industry, vehicles for defense forces, and aluminum wagons, coaches for the metro, and many more for the Railways.
With a market capitalization of Rs. 11,440 Crores, the shares of Bharat Earth Movers Limited closed at Rs. 2,747, down 11.06 percent from its previous day’s close price of Rs. 3,088.50.
Bharat Earth Movers Limited hit its 52-week high price of Rs. 4,144.25 on February 2, 2024, comparing the same with its current market price of Rs. 2,740, it is trading at a discount of 33.88 percent.
As per the latest data available for Q3FY24, Bharat Earth Movers Limited has a strong order book of Rs. 12,230 Crores.
Its revenue from operations grew by 0.96 percent from Rs. 1,037 Crores in Q3FY23 to Rs. 1,047 Crores in Q3FY24, accompanied by profits of Rs. 66 Crores to Rs. 48 Crores.
Titagarh Rail Systems
Titagarh Rail Systems Limited (TRSL) is one of the largest private-sector manufacturers of railway wagons and an established player in passenger coaches, it offers mobility solutions with its prominent presence in both the Passenger and Freight Rail Systems including railway wagons, components, passenger coaches (EMU/MEMU), and Metro Coaches.
With a market capitalization of Rs. 11,177 Crores, the shares of Titagarh Rail Systems Limited closed at Rs. 829.95, down 5.31 percent from its previous day’s close price of Rs. 876.50.
Titagarh Rail Systems Limited hit its 52-week high price of Rs. 1,248.90 on January 20, 2024, comparing the same with its current market price of Rs. 824.95, it is trading at a discount of 33.94 percent.
As of Q3FY24, Titagarh Rail Systems Limited has an order book of Rs. 27,466 Crores, which consists of Freight Rail Systems and Passenger Rail Systems
Its revenue from operations grew by 24.67 percent from Rs. 766 Crores in Q3FY23 to Rs. 955 Crores in Q3FY24, accompanied by increasing profits of Rs. 33 Crores to Rs. 75 Crores.
Written by: Bharath K.S
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