desk
Share
News Topical, Digital Desk : The railway stock Jupiter Wagons, which is included in BSE 500, may see some movement in Thursday's session. Actually, the company has informed that it has received an order from the railways. The company has made this announcement after the market closed. This order is related to the wheels of Vande Bharat. Amidst the rise in the market on Wednesday, the stock of Jupiter Wagons has seen a decline and the stock has closed at 330, down 0.23 percent.
What information has the company given?
The company has informed after the market closed on Wednesday that its unlisted subsidiary Jupiter Tatravagonka Railwheel Factory has received a letter of intent for the wheel sets of Vande Bharat train. Under this order, the company has to supply 5376 wheel sets and the order value is around Rs 215 crore. The company had informed last week that it has received an order from GATX India for the manufacture and supply of 583 specialized wagons whose size is Rs 242 crore. Along with this, the company had announced last week that it plans to launch 2 electric vehicles in the current financial year. In the first quarter, the company's income has seen a decline of 50 percent on a year-on-year basis and profits by 66 percent.
How was the performance of the stock? The stock closed at 330 on Wednesday with a decline of 0.23 percent. Recovery is being seen in the stock after the decline. 3 months ago the stock was above the level of 400. On August 14, the stock recovered by reaching the level of 314. The lowest level of the stock this year is 270 and the highest level of the year is 588.
--Advertisement--
