Vande Bharat Express train (indicative picture)
The impact of the tremendous work done by the Modi government in the railway sector has also been seen on the share price of the companies of this segment. Recently, there has been a record rise in the shares of many companies in the railway sector, due to which the share investors of these companies have made huge profits. The stock of a company manufacturing rail wagons has gone up to 1100%.
Yes, the stock of Jupiter Wagon Limited has become a multibagger stock giving 1100 percent return in the last 3 years. Those who invested Rs 1 lakh in this share got a return of up to Rs 12.30 lakh according to the current share price.
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How did Jupiter’s share move change?
Jupiter Wagon Limited’s share price was Rs.13.15 on June 22, 2020, three years back. In the same week, the company’s stock has touched a 52-week high of Rs 161.60. In this way, in a span of just 3 years, the stock of the company has shot up by 1130 percent. Thus, an investor investing Rs 1 lakh in the company’s stock would have got around 7,605 shares at that time, which would have been worth Rs 12.30 lakh at the current high level of the stock.
There is a lot of life in Jupiter wagons
Even if we do not look at the figures of 3 years, there is a lot of life in the stock of Jupiter Wagons. In just a span of 1 year, it has registered a profit of Rs 109.80 per share i.e. 238.70 percent. A year ago, its price was around Rs.65. At the same time, investors have got a return of 36.05 on this stock in a month.
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Jupiter Wagons’ financials sound
The market capitalization of Jupiter Wagons is Rs 6,222 crore. Its profit has increased continuously in the last 5 years. In the year 2019, where the profit of the company was Rs 216 crore. In 2023, it has increased to Rs 2,068 crore.
Jupiter Wagons manufactures railway wagons, passenger coaches, wagon components and castings. The company works for wagons, high-speed passenger bogies, etc. for Indian Railways. The future and profit of the company is expected to increase after the expansion of railways and the launch of Vande Bharat train.
