Shares of multibagger Jupiter Wagons Ltd have outperformed other railway stocks in the last six months. Jupiter Wagons stock has surged 253% in the last six months. The railway sector stock, which closed at Rs 89.86 on March 27, 2023 rose to Rs 317.60 on the BSE on September 27, 2023, delivering 253% returns to investors. On the other hand, Titagarh Rail Systems shares zoomed 223% and Texmaco Rail stock gained 208% since March 27.
Jupiter Wagons was in a strong uptrend since April 2021, where it rallied from Rs 15 to Rs 411. But the bulls are losing grip, as the stock is seeing selling at every intermediate rally.
Stocks like Engineers India, PFC, REC and Bharat Electronics came under the scanner as they plunged 8-9 percent on September 12 on the back of sharp profit booking after their bull-run.