Jupiter Wagons Ltd: Jupiter Wagons Limited is one of the companies in the railway sector that have made investors rich in the last one year. On Monday, the price of the company’s shares reached the level of Rs 5071.5 with a rise of 3.86 percent. This is the company’s new 52 week high. However, at the time of market closing, the company’s share price fell by 0.91 percent and closed at the level of Rs 483.85.
Another company’s IPO is opening on May 16, prices announced today
Company’s net profit increased by 156%
There has been a sharp jump in the net profit of Jupiter Wagons Limited. The company had made a net profit of Rs 104.22 crore during January to March. The company’s net profit in the same quarter a year ago was Rs 40.78 crore. That means the company has seen an increase of 156 percent in its net profit on an annual basis.
What are experts saying
According to a Business Today report, AR Ramachandran of Tips2trades says, “Jupiter wagons look bullish on the daily chart. Resistance is being seen at Rs 510. Ravi Singh of Religare Broking is also talking about resistance at 510.
Company has performed better than market expectations, shares rise, investors are happy
How is the company’s performance in the stock market?
During the last one year, the company’s share prices have seen an increase of 313 percent. At the same time, investors who have been holding the stock for 6 months have made a profit of more than 50.7 percent so far. According to Trendlyne data, the share prices of Jupiter Wagons Limited have seen a rise of more than 40 percent in the last 3 months. Let us tell you, in the last 5 trading days, the share prices of the company have registered a rise of more than 27 percent.
52 week low level of Jupital Wagons Limited is Rs 112.10. And the market cap of the company is Rs 19,948.83 crore.
