Shares of Jupiter Wagons hit a 52-week high of Rs 358.80 on 8 January after the company announced securing an order worth Rs 100 crore from an automobile company.

The company’s regulatory filing said, “We have received a significant contract from one of the leading automobile manufacturers for the manufacturing and supply of four rakes of double-decker automobile carrier wagons worth around Rs 100 crore.”

The company added that these double-decker automobile carrier wagons will be able to carry SUV cars on both the bottom and top deck along with a host of advanced technologies such as articulated bogies and reduced idling time on account of sick wagon substitution.

Wagon carts such as these are being introduced to the Indian Railways for the first time considering the maximum moving dimensions that suit the DFC (dedicated freight corridor) and comply with a large section of the available national railway network.

Vivek Lohia, managing director of Jupiter Wagons, said, “This achievement not only highlights our manufacturing prowess but also reinforces our commitment to contributing to the nation’s railway infrastructure development. We are ready to leverage our expertise and resources to deliver these wagons, ensuring they meet the highest standards of quality and performance.”

On 4 January, the company secured an order from the Defense Ministry for 697 bogie open military for a total order value of Rs 473 crore.

At 11:20 am, the shares of Jupiter Wagons were trading 3.54% higher at Rs 354.95 on NSE.