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Jupiter Wagon is looking to diversify from its core wagon manufacturing business and increase revenue from other verticals. The company also expects to launch its first one-tonne electric light commercial vehicle by July this year. ....
Railway stocks like IRFC, RVNL, Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail & Engineering surged up to 19% ahead of Budget 2024. IRFC shares reached an all-time high of Rs 134.5 and have seen significant growth in the past month, six months, and two years. RVNL shares also hit a 52-week high of Rs 230.6 and have experienced growth. Jupiter Wagons, Titagarh Rail Systems, and Texmaco Rail & Engineering also saw an increase in stock prices. ....
Jupiter Wagons: Arihant Capital Markets said the company is currently executing around 700 wagons per month and focused on 800/1000 wagons per month at the end of FY24E/FY25E respectively.