Shares of Jupiter Wagons Limited surged sharply in Friday’s trading session, climbing more than 15% in intraday trade as strong buying interest lifted the stock close to the ₹300 mark.
As of 12:40 PM IST on March 6, Jupiter Wagons shares were trading near the day’s high of ₹295.40, compared to the previous close of ₹254.80. The stock opened flat at ₹254.80 but witnessed strong momentum soon after the market opened, pushing it significantly higher during midday trading.
The rally came with a notable spike in trading activity. The counter recorded a volume of over 4.03 crore shares, indicating heightened investor participation and strong demand for the stock during the session.
During the day, the stock touched an intraday low of ₹251.30 before surging sharply to the high of ₹295.40, marking a substantial gain from the previous close. Despite the strong rally, the stock remains below its 52-week high of ₹457, while the 52-week low stands at ₹246.20, which was tested recently.
Jupiter Wagons Q3 Results
The company posted a net profit of ₹63 crore in Q3, marking a 35.2% drop compared with ₹97.3 crore reported in the same quarter last year.
Revenue from operations also declined during the quarter. The company reported revenue of ₹890 crore, down 13.5% from ₹1,029.8 crore recorded in the corresponding period of the previous year.
Operating performance showed a similar trend. EBITDA for the quarter stood at ₹115.5 crore, registering a 22.1% decline from ₹148.2 crore reported in the year-ago period.
The company’s EBITDA margin for the quarter came in at 13%, compared with 14.4% in the same quarter last year, indicating a contraction in operating margins.