In three years, this railway stock went from costing Rs 13 to Rs 161, rising 21% in just eight days

 In three years, this railway stock went from costing Rs 13 to Rs 161, rising 21% in just eight days

Jupiter Waggons Ltd. stock, a multibagger, has produced exceptional results over the past three years.

The multibagger stock gained 1130% for investors after closing at Rs 13.13 on June 19, 2020 and rising to Rs 161.50 on June 21, 2023 on the BSE.

Three years ago, an investment of Rs 1 lakh in shares of a manufacturer of railway waggons would have grown to Rs 12.30 lakh.

Jupiter Waggons Ltd. stock, a multibagger, has produced outstanding returns over the past three years. The multibagger stock gained 1130% for investors after closing at Rs 13.13 on June 19, 2020 and rising to Rs 161.50 on June 21, 2023 on the BSE. Three years ago, an investment of Rs 1 lakh in the stock of a manufacturer of railway waggons would have grown to Rs 12.30 lakh today. Sensex has increased 82.59 percent throughout this time, in contrast.  

Shares of Jupiter Waggons reached an intraday high of Rs 161.50, increasing 3.49% today from their previous closing on the BSE of Rs 156.05. In the past eight trading days, the stock has increased 21.24%. The stock of Jupiter Waggons has increased by 64% and gained 206% in a year.

3.38 crore worth of shares of the company were exchanged in total today on the BSE, or 2.13 lakh shares. The company's market value increased to Rs 6263 crore on the BSE.  

On June 20, 2023, the stock reached a 52-week high of Rs 161.60, and on June 21, 2022, it reached a 52-week low of Rs 45.10.   

Technically speaking, Jupiter Waggons' relative strength index (RSI) is 79.2, indicating that the stock is now trading in overbought zone. The one-year beta of Jupiter Waggons stock is 1, indicating average volatility during the time frame. Jupiter Waggons stock is trading above its five-day, twenty-day, fifty-day, one-hundred-day, and two-hundred-day moving averages.  

The company saw a net profit increase of 184.18% to Rs 39.21 crore for the course of the period ended March 2023 compared to Rs 14 crore for the quarterly ended March 2022. Sales increased 96%, from Rs 363 crore in the March 2022 quarter to Rs 712 crore in the March 2023 quarter.  

Profit decreased 12% from Rs 44 crore in the December quarter of the prior fiscal year on a quarter-over-quarter basis. Sales, however, increased 10.27% from Rs 646 crore in the third quarter of 2022.   

Net profit increased 143.75% on an annual basis to Rs 120 crore for the fiscal year that ended in March 2023 from Rs 50 crore for the fiscal year that ended in March 2022. Revenue increased by 75.45% to Rs 2073 crore in the fiscal year that ended in March 2023 from Rs 1181.75 crore.   

Manufacturing railway waggons, passenger coaches, waggon parts, and castings is what Jupiter Waggons does in India. The company's integrated operations produce high-speed bogies, railway castings and railway waggons.