JWL.NSE Jupiter Wagons Ltd.
110
327.25
6.50
(1.95%)
| Watchers | 110 |
| 52-Wk Low | 68.45 |
| 52-Wk High | 411.00 |
| Market Cap | 133.33B |
| Volume (M) | 2.47M |
| 52-Wk High | 411.00 |
| 52-Wk Low | 68.45 |
Jupiter Wagons hits record high after board OKs Rs 700 cr fund raising plan Capital Market • 24 days ago
The company will raise funds through public andor private offerings of equity shares andor any other convertible securities, in one or more tranches andor one or more issuances simultaneously, subject to necessary approvals including the approval of the members of the company and such other regulatory statutory approvals as may be required.Jupiter Wagons is a leading provider of complete mobility solutions with a diverse product portfolio. Its products include wagons, couplers, draft gears, bogies, crossings, and accessories for various types of coaches and vehicles. The company has recently entered the electric mobility market with Jupiter Electric Mobility (JEM), focusing on small and medium commercial electric vehicles. Jupiter Wagons serves clients in sectors such as railways, defense, leasing companies, construction, healthcare, energy, mining, infrastructure, logistics, and shipping.On a consolidated basis, net profit of Jupiter Wagons surged 386.53% to Rs 62.86 crore on 154.97% increase in net sales to Rs 753.19 crore in Q1 June 2023 over Q1 June 2022.The scrip rose 0.21% to Rs 379.95 on the BSE. The counter also hit an all time high at Rs 398.10 in intraday high.
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Jupiter Wagons will hold a meeting of the Board of Directors of the Company on 5 September 2023.
Jupiter Wagons is set to hold a board meeting on Tuesday, 5 September 2023, to discuss and approve a proposal for raising funds. The company will explore multiple avenues for fundraising, including the issuance of equity shares, convertible preference shares, bonds, and other equity-linked instruments. The proposed methods may involve private placement, qualified institutional placements (QIP), or further public issues of equity. The companys decision to proceed with the fundraising proposal is contingent upon shareholders approval as well as the necessary statutory, regulatory, and other approvals. Jupiter Wagons is a leading provider of complete mobility solutions with a diverse product portfolio. Its products include wagons, couplers, draft gears, bogies, crossings, and accessories for various types of coaches and vehicles. The company has recently entered the electric mobility market with Jupiter Electric Mobility (JEM), focusing on small and medium commercial electric vehicles. Jupiter Wagons serves clients in sectors such as railways, defense, leasing companies, construction, healthcare, energy, mining, infrastructure, logistics, and shipping. On a consolidated basis, net profit of Jupiter Wagons surged 386.53% to Rs 62.86 crore on 154.97% increase in net sales to Rs 753.19 crore in Q1 June 2023 over Q1 June 2022. Shares of Jupiter Wagons hit a lower limit of 5% to settle at Rs 344.85 on 29 August 2023.The stock has recorded impressive gains of 59% in one month, 170% in three months, and 341% in one year.
Jupiter Wagons announced that the 43th Annual General Meeting (AGM) of the company will be held on 19 September 2023.
The trend is definitely positive, but considering the one-way rally of last several sessions, the possibility of some profit taking can't be ruled out in near term before we are getting into next leg of upmove, experts said.
The NCLT's Kolkata bench has approved the resolution plan submitted by Jupiter Wagons for acquiring a controlling stake in Stone India under the Corporate Insolvency Resolution Process
Jupiter Wagons announced the sad demise of Samir Kumar Gupta (DIN: 00576571) on 09 April 2023, belonging to Promoter Promoter Group Whole Time Director.