Jupiter Wagons share price surged over 9% to hit an intraday high of ₹198 apiece on Thursday, October 29, after the company secured a major order worth ₹1,140 crore from the Ministry of Railways.
Jupiter Wagons shares opened at ₹186.24 on NSE today, as compared to previous close of ₹181.05 on Wednesday
In an exchange filing on Thursday, Jupiter Wagons said the order was awarded by the Ministry of Railways (Railway Board). The order valued at ₹1,140 crore.
Jupiter Wagons highlighted the diversity of its order book across public and private sector customers. Alongside its business with Indian Railways, the company continues to see strong demand from private freight operators and wagon leasing companies, supporting its private sector order book.
The latest railway order is expected to strengthen the company's order visibility and reinforce its presence in India's rail freight and mobility infrastructure segment.