Multibagger Jupiter Wagons Ltd:
Investing in railway-related shares has been quite lucrative in recent times. The rapid momentum seen in railway shares has caught the attention of investors. Today, we’ll discuss Jupiter Wagons Ltd, a multibagger in the railway sector, which has made investors wealthy in just one year. This stock continues to hit the upper circuit with a 5% increase even after today’s surge, trading at ₹317.90.
1. Turning 1 Lakh into 19.54 Lakhs in 3 Years
If an investor had put ₹1 lakh into railway wagon shares three years ago, their investment would now be worth ₹19.54 lakhs.
2. 52-Week Highs and Lows
The 52-week high for Jupiter Wagons share is ₹317.90, while the low stands at ₹308.50. Over the past six months, the stock has witnessed an impressive 254.60% growth. Six months ago, this company’s stock was valued at ₹89. As of March 27th, the stock is trading at ₹228.25, showing substantial growth.
3. Over 3x Growth in a Year
In the past year, the company’s stock has surged by a remarkable 357.41%, increasing from ₹248.40 to its current price.
4. Understanding RSI (Relative Strength Index)
Jupiter Wagons’ Relative Strength Index (RSI) currently stands at 44.6, indicating that it is neither overbought nor oversold. The stock is trading below the 10-day, 20-day, and 30-day moving averages but above the 50-day, 100-day, and 200-day moving averages.
5. Impressive Profit Growth
In the quarter ending June 2023, the company’s net profit increased significantly by 387.59%, reaching ₹62.9 crores, compared to ₹12.9 crores in the same period of 2022. The revenue for the same quarter in June 2023 also saw a remarkable increase of 154.68%, reaching ₹755.4 crores.
6. Consistent Profit Growth
The company has witnessed consistent growth in profits on a quarter-to-quarter basis. Profits in the March quarter of the previous fiscal year increased by 60.45% from ₹39.2 crores to ₹60.45 crores. Revenue for the same quarter in March 2023 increased by 6% to ₹712.7 crores.
7. Company Overview
Jupiter Wagons is primarily engaged in manufacturing railway wagons, passenger coaches, wagon components, and castings in India. The company’s integrated facility is responsible for producing railway wagons, high-speed bogies, and railway castings.
(Disclaimer: The information provided here is for informational purposes only and should not be considered investment advice. Investing in the stock market involves risks, and it is advisable to consult with your financial advisor before making any investment decisions.)
Jupiter Wagons Ltd has emerged as a multibagger in the railway sector, delivering impressive returns to its investors. With consistent profit growth and a strong performance in the stock market, it has become an attractive choice for many. However, it’s crucial to remember that all investments come with risks, and thorough research and expert guidance are essential before making any investment decisions.