Jupiter Wagons shares down 5.73% from record high, experts suggest buying around Rs 600.

From Business Today: 2024-07-17 01:13:24

Jupiter Wagons Ltd shares fell 5.73% to Rs 662.05, down 11.50% from its all-time high. Stock has rallied 106.96% YTD. BSE and NSE have added Jupiter Wagons to the long-term ASM framework due to high volatility. Company raised Rs 800 crore via QIP, with an order book value of Rs 7,101.66 crore as of March 31.

Director of Equity Strategy suggests adding stock around Rs 500. Technical support at Rs 630, resistance at Rs 700-730. Analysts predict bearish trend with potential for new upward trend post clear breakthrough. Recommend buying around Rs 600 with target of Rs 750 and stop loss at Rs 630.

Jupiter Wagons provides mobility solutions in rail, road, and marine transportation, along with a presence in the CEV segment. Indian equity markets were closed on Muharram, reopening on July 18, 2024. Business Today provides stock news for informational purposes; consult a financial advisor before investing.



Read more at Business Today: Jupiter Wagons shares down 12% from record high; should you enter at current levels?