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.
On the daily chart of SJVN, we are observing a higher high formation, which is a sign of strength. Further, momentum indicator viz. MACD is positively poised.
Jupiter Wagons was in a strong uptrend since April 2021, where it rallied from Rs 15 to Rs 411. But the bulls are losing grip, as the stock is seeing selling at every intermediate rally.
Jupiter Wagons share price: Today, the stock rose 3.21 per cent to hit an intraday high of Rs 159.35, tad below from its 52-week high level of Rs 161.60, seen a couple of sessions back on June 20. It eventually settled 0.45 per cent higher at Rs 155.10.