fbpx

Jupiter Wagons Sets QIP Floor Price at ₹689.47 per Share

Jupiter Wagons has set the floor price for its Qualified Institutional Placement (QIP) at ₹689.47 per share. The QIP issue opened on Monday, following a board meeting where the decision was made. The announcement was made later that evening. On the same day, Jupiter Wagons shares closed at ₹722.60 on the NSE, down by ₹7.40 or 1.01%.

For the quarter ending March 31, 2024, the company reported a consolidated net profit of ₹105 crore, a significant increase from the ₹39 crore profit in the same period last year. In the previous quarter, Jupiter Wagons reported a net profit of ₹81.5 crore.

The company’s total consolidated revenue for the quarter was ₹1,127 crore, up from ₹712.7 crore in the same quarter of the previous year. For the quarter ending December, the revenue was ₹900.8 crore.

Over the past 12 months, Jupiter Wagons’ stock has given a remarkable return of 319%, far outperforming the Nifty index, which returned 25% in the same period. In 2024 alone, the stock has yielded a 126% return.

The stock is currently trading above its 50-day and 200-day simple moving averages (SMAs) of ₹571 and ₹402, respectively. However, it is approaching an overbought zone with its RSI and MFI indicators near 69 and 64, respectively (above 70 is considered overbought, while below 30 is oversold).

Disclaimer: The views and investment tips expressed by investment experts on Sharepriceindia.com are their own and not those of the website or its management. Sharepriceindia.com advises users to check with certified experts before taking any investment decisions.​​

We will be happy to hear your thoughts

      Leave a reply

      Share Price India News
      Logo