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Jupiter Wagons shares rebounded sharply on August 21, surging 13% after the company announced it had secured a Rs 215 crore deal
Currently, 75 Vande Bharat trains, offering 150 services, operate across the country, but all are chair-car configurations. (News18 Hindi)
Jupiter Wagons shares rebounded sharply on August 21, surging 13% after the company announced it had secured a Letter of Intent (LoI) for a Rs 215 crore order to supply Vande Bharat wheelsets.
The stock touched an intraday high of Rs 371.80 on the NSE, up 12.72%, after opening with a gain of 6.11% and extending its rally through the session.
In an exchange filing, the company said its subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, received the LoI dated August 19, 2025, for the supply of 5,376 wheelsets for Vande Bharat trains.
Jupiter Wagons shares climbed 12.6% to hit the day’s high of Rs 371.50 on the BSE, compared with the previous close of Rs 329.85. At 9:53 a.m., the stock was trading 11.69% higher at Rs 368.40. The counter has now surged nearly 36% from its 52-week low of Rs 270.20.
In a fresh exchange filing, the company said its confirmed order book stood at Rs 5,972 crore, ensuring strong revenue visibility for the coming quarters.
Managing Director Vivek Lohia said the Aurangabad wheelset unit is expected to generate revenues of around Rs 550 crore this year, rising to nearly Rs 1,000 crore next year. The Odisha wheel and axle project, with a phased investment of Rs 2,500 crore, is on track and projected to contribute Rs 2,000–3,000 crore in revenues by FY28.
The company also highlighted progress in its new mobility vertical. Jupiter Electric Mobility has commenced deliveries, launched its first showroom in Bengaluru, and signed an MoU with logistics platform Pickkup to deploy 300 vehicles by year-end.
On the technical front, the stock trades above its 5-, 10-, 20-, 30-, 50-, and 150-day simple moving averages (SMAs), but remains below the 100- and 200-day SMAs.
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a…Read More
Aparna Deb is a Subeditor and writes for the business vertical of News18.com. She has a nose for news that matters. She is inquisitive and curious about things. Among other things, financial markets, economy, a… Read More
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