Jupiter Wagons News

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RailTel Share Price: Railway stocks including Railtel Corporation of India, Ircon International, and IRFC are surging to new highs as the market anticipates the Modi 3.0 government's budget announcement on July 23.

Please find the enclosed outcome of the Fund Raising Committee.

National Stock Exchange updates collateral criteria, leading to exclusion of stocks like Adani Power and Yes Bank. Over 1,000 securities affected. Changes in effect from August 1. Investors advised to review their portfolios.

Rail Vikas Nigam's stock surged 10% to Rs 598 after securing a contract for six Nagpur elevated metro stations, including Kanhan River. Completion is in 30 months. The FY25 order inflow targets Rs 20,000-25,000 crore, and it possesses an Rs 85,000 crore order book. Market capitalization reached Rs 1.11 lakh crore, post revenue growth of 17.4%.

Maruti Suzuki and consumer stocks kept D-Street benchmarks on track to continue their post-election rally. The 30-share Sensex advanced 391 points to settle at 80,352. The broader NSE Nifty gained 113 points to top 24,430. A strong macroeconomic growth outlook and steady return of foreign inflows also boosted investor sentiments. The market capitalisation of all listed companies on the BSE increased by Rs 1.58 lakh crore to Rs 451.29 lakh crore.

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Among the above-mentioned peers, RVNL is followed by Ircon International with a market capitalization of Rs 29,179.5 crore, Jupiter Wagons and Titagarh Rail Systems with a market cap of Rs 28,965.69 crore and Rs 23,920.08 crore respectively.

Jupiter Wagons' shares dropped 4% following approval for a qualified institutional placement at Rs 689.47 per share. The company reported a significant increase in profits and revenue for the latest quarter.

Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increased odds of U.S. rate cut to 74%. Century Textiles rose 4%. Budget, Q1 results closely watched.

Jupiter Wagons’ QIP floor price is Rs 689.47. Nestle declared an interim dividend. Govind Singh remains Utkarsh SFB CEO. Godrej Consumer grew in Q1. Bandhan Bank launched trade products. JSW Steel targets net zero by 2050. Maruti delivered 2 million cars by rail. RailTel suggested FY24 dividend. Preeti Engineering started QIB. Mphasis goes ex-dividend. PG Electroplast stock split.

This railway stock has skyrocketed 319% in the past year, significantly surpassing the Nifty's 25% gain during the same period. The stock's impressive performance has continued into 2024, with a 126% return so far.

Please find the enclosed outcome of Fund Raising Committee Meeting.

Sensex hit 80,000, its fastest 10,000-point rally from 70,000 in history. In 139 days, 20 BSE500 stocks became multibaggers. Sensex first hit 10,000 in Feb 2006, took 463 days for 20,000, and another 2,318 days for 30,000 in April 2017.

The Indian Railways has revised its ₹31,418 crore wagon procurement plan after supplier Modern Industries failed to fulfill a contract. The plan, which aimed to supplement the 300,000 existing wagons on the network, was placed with seven suppliers in July 2022. The largest order was placed with Titagarh Wagons for 24,177 units. Modern Industries was supposed to supply 9,242 wagons for ₹3,776.35 crore, but the order was scaled down to 3,151 wagons for ₹1,287.54 crore last month under force majeure conditions.

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Please find the enclosed outcome for allotment of 2872340 convertible warrants to one of the promoter of the Company.

Please find enclosed herewith the intimation for closure of trading window for declaration of financial results for the quarter ended 30.06.2024

Pursuant to Regulation 30 of the SEBI Listing Regulations, this is to inform that the senior management of the Company will be holding analysts/institutional investor meet(s) on Friday, 28.06.2024

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Please find the enclosed Scrutinizer Report for postal ballot notice dated 19.05.2024

Please find the enclosed voting result along with the Scrutinizers Report for the Postal Ballot Notice Dated 19.05.2024.

Please find the enclosed copy of Press Release to be issued by the Company.

FY24 featured 12 multibagger stocks with consistent earnings growth in sectors like autos, capital goods, PSUs, power, and infra sectors. Experts shared valuable insights for investors looking to capitalize on market opportunities.

The benchmark indices closed nearly unchanged on Tuesday, following a record-breaking rally, as investors opted to stay on the sidelines, awaiting additional triggers.

Railway stocks surged up to 10% as Ashwini Vaishnaw resumed as the Indian Railway minister. Jupiter Wagons led with a 10% rise, followed by Texmaco Rail & Engineering and IRCTC, both up 6%. Other gainers included RVNL, IRFC, BEML, Ircon International, RITES, and CONCOR, up between 2.5% and 5%. Vaishnaw, heading the ministry since July 7 in Modi 2.0, was trusted with the role once again by Prime Minister Narendra Modi, with the decision announced on Monday.

Railway stocks like RVNL and Titagarh delivered up to 1,800% returns in Ashwini Vaishnaw's last tenure. Analysts predict continued focus on power and railways sectors for long-term growth.

Railway firm stocks plummeted up to 13%, as election trends diverged from exit polls. Rail Vikas Nigam dropped nearly 13%, with Ircon International down by 12%. Other firms like RailTel, IRFC, Texmaco, and IRCTC fell 6-10%. Titagarh Rail Systems and Jupiter Wagons also saw declines. Early data showed the BJP-led NDA leading in 289 seats, contrary to exit polls projecting over 370 seats.

Among the top gainers from the pack, Titagarh Rail Systems also hit a 52-week high with RVNL, IRFC, and Jupiter Wagons. Global brokerage CLSA said a favourable BJP outcome would raise investor confidence in India’s economic growth. This could encourage investors to play this growth beyond Modi stocks, which are direct policy plays.

We also have a whole list, but we have separated the eight companies, just because these companies are not the names which one would instinctively think about and probably they may have more to go as they form this index.

Please find the enclosed copy of Press Release to be issued by the Company.

We are pleased to inform that Jupiter Electric Mobility Pvt Ltd, subsidiary of JWL has received an ARAI Approval.

Please find the enclosed Secretarial Compliance Report for the FY ended 31.03.2024

Please find the enclosed copy of newspaper publication w.r.t. dispatch of postal ballot notice.

Notice of Postal Ballot

Shares of railway PSU stocks RVNL and IRFC surged on Tuesday, with RVNL jumping 8% to Rs 322 and IRFC rising 5% to Rs 181 on the BSE. This rally was triggered by the Q4 profit growth reported by these companies. Additionally, IRCON International shares soared 8% to a new high of Rs 296 ahead of its Q4 results, scheduled for release today.

Pursuant to Regulation 30 of SEBI Listing Regulations, the Board of Directors of Jupiter Wagons Limited at their meeting held today i.e. Sunday, May 19, 2024 has approved :To issue and allot upto 28,72,340 Convertible Warrants and approved the postal ballot notice seeking consent of the shareholders as per the enclosed document.

In compliance with the SEBI PIT Regulations, 2015, the trading window for dealing in securities of the company for all the designated persons shall remain closed w.e.f 12.05.2024 and shall re-open on 22.05.2024.