From Business Today: 2024-05-13 03:12:02

Shares of Jupiter Wagons Ltd continued their upward trend, hitting a record high of Rs 507.15, up 27.07% in five days. The company reported a 156% jump in net profit to Rs 104.22 crore in Q4 FY24, with total income rising to Rs 1,121.34 crore. EBITDA for the quarter stood at Rs 147.72 crore, up 59% YoY.

Technical analysts suggest support at Rs 460 and resistance at Rs 510 for Jupiter Wagons stock. With the stock being bullish but overbought, experts recommend booking profits. The company’s order book as of March 31, 2024, stood at Rs 7,101.66 crore, with recent wins from the Ministry of Railways, Ministry of Defence, and Double Decker Automobile Carrier Wagons.



Read more at Business Today: Jupiter Wagons shares hit fresh all-time high, stock up 27% in 5 sessions