Jupiter Wagon News Today

The battery-operated Light Commercial Vehicle will be manufactured under the brand name - JEM TEZ.

The LCV will bear the brand name JEM TEZ and will be produced by JEM

Jupiter Wagon is looking to diversify from its core wagon manufacturing business and increase revenue from other verticals. The company also expects to launch its first one-tonne electric light commercial vehicle by July this year.

Railway stocks like IRFC, RVNL, Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail & Engineering surged up to 19% ahead of Budget 2024. IRFC shares reached an all-time high of Rs 134.5 and have seen significant growth in the past month, six months, and two years. RVNL shares also hit a 52-week high of Rs 230.6 and have experienced growth. Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail & Engineering also saw an increase in stock prices.

Jupiter Wagons: Arihant Capital Markets said the company is currently executing around 700 wagons per month and focused on 800/1000 wagons per month at the end of FY24E/FY25E respectively.

The momentum witnessed in Q1 is poised to continue in the forthcoming quarters. Our recent success, backed by strong performance over the last year, has positioned us for larger orders.

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The ministry will in July-September float tenders for the procurement of the 60,000 freight wagons, which may include a tender to procure 10,000 aluminum wagons as well.

In an interview with BT, Gaurav Dua, SVP, Head of Capital Market Strategy at Sharekhan by BNP Paribas, talked about the prospects of the large-cap indices and the broader markets

Strong growth prospects for Jupiter Wagons and an attractive valuation have made this stock an emerging play in the small-cap capital goods space.