Jupiter Wagons share price jumps 11% on ₹215 crore order for Vande Bharat Trains
The rally in Jupiter Wagons share price was accompanied by a surge in trading volumes. Around 44 lakh equity shares of Jupiter Wagons changed hands on stock exchanges on August 21, significantly higher than its one week average trading volume of 13 lakh shares.
The railway freight cars manufacturer Jupiter Wagons announced that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, has received a Letter of Intent (LOI) for supply of total 5,376 wheelsets for Vande Bharat Train for an order value of approximately ₹ 215 crore.
The company's order book as on 30 June 2025 stood at ₹ 5,972 crore, the company said in its investors presentation.
At 9:35 AM, Jupiter Wagons share price was trading 9.75% higher at ₹ 362.00 apiece on the BSE.
Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Mint
3 hours ago
- Mint
Small-cap stock under ₹100 in focus after THIS order book update; do you own?
Small-cap stock under ₹ 100: Globe Civil Projects shares will be in focus of the stock market investors on Friday, 22 August 2025, after the company announced that its order book has crossed ₹ 1,000 crore, according to an exchange filing. "Globe Civil Projects Limited is pleased to announce that its consolidated order book has crossed ₹ 1,000 crore, marking a significant milestone in the company's growth journey," the company informed BSE through the filing. As per the company disclosure, the order book ranges with projects from sectors like institutional, healthcare, and government infrastructure. CPWD, NBCC, and TCIL, are among the top investors who have allocated their projects to the Civil Construction firm. IITs (Roorkee, Gandhinagar, Kanpur), IIMs (Udaipur, Lucknow-Noida), NIT Delhi, Central University Punjab, AlIMS Raipur, Burari Hospital, Income Tax Building Bangalore, and CPWD housing projects are among the project mix in Globe Civil Projects' order book. "Crossing the 1,000 crore order book milestone is a significant achievement for the company, reaffirming the trust our clients place in our integrated EPC capabilities. With nearly 90% of our portfolio comprising funded central government projects, we enjoy strong cash flow visibility and reduced working capital risks," the company said. Globe Civil Projects shares closed 2.95% higher at ₹ 82.30 after Thursday's stock market session, compared to ₹ 79.94 at the previous market close. The company announced its order book update during the market operating hours on 21 August 2025. Shares of Globe Civil Projects have given stock market investors 0.98% returns on their investment since its listing on the Indian stock market on 1 July 2025. The shares of the company are trading 6.23% lower in the last one-month period but have gained 0.38% in the last five market sessions on the Indian stock market. Globe Civil Projects shares hit their 52-week high level at ₹ 95 on 1 July 2025, while their 52-week low level was at ₹ 73.56 on 8 July 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) stood at ₹ 491.49 crore as of the stock market close on Thursday, 21 August 2025. Read all stories by Anubhav Mukherjee
&w=3840&q=100)
Business Standard
5 hours ago
- Business Standard
Sebi plans longer-tenor derivative products: Chairman Tuhin Kanta Pandey
The Securities and Exchange Board of India (Sebi) plans to pivot towards longer-tenor derivatives products to ensure they serve their intended purpose of hedging, said chairman Tuhin Kanta Pandey on Thursday. He called for greater 'quality and balance' in the derivatives market, where trading volumes are disproportionately higher than the underlying cash segment. Pandey also signalled the possibility of a pilot platform for pre-IPO companies. Speaking at the 22nd edition of Ficci's Annual Capital Markets Conference (Capam), the Sebi chairman said: 'We have often stated that equity derivatives play a crucial role in capital formation, but we must ensure quality and balance. We will consult with stakeholders on ways to improve, in a calibrated manner, the tenor and maturity profile of derivative products, so that they better serve hedging and long-term investing.' His remarks come against the backdrop of mounting losses for individual investors in derivatives trading and allegations of manipulation by global high-frequency trading firms. Pandey's comments sparked speculation that Sebi may soon discontinue weekly derivatives contracts, triggering a decline of 7.7 per cent in BSE shares. Short-term contracts account for the bulk of exchange volumes. Pandey, however, ruled out such a step in the near term. At the same event, Sebi Whole-Time Member Ananth Narayan G said: 'We are considering ways to improve the tenor and maturity profile of derivative products, so that they better support sustained capital formation and foster all-round trust in the ecosystem. This may also need to be achieved in a calibrated manner, giving the system adequate time to adjust.' Pandey also stressed the need to deepen the cash equities market, where daily traded volumes have doubled in the past three years, though 'much more needs to be done'. He further hinted at a pilot project for pre-IPO companies. 'In a booming IPO market, investors are eagerly anticipating what is next, yet pre-listing information is not enough for investors to make an investment decision. Can we think of an initiative, on a pilot basis, for a regulated venue where pre-IPO companies can choose to trade, subject to certain disclosures?' he asked. A government official present at the conference said the Ministry of Corporate Affairs (MCA) had received details of such a proposal from Sebi. The move is expected to bring trading in unlisted markets under a formal mechanism, enabling tax collection on such transactions. The project involves unlisted companies that come under the MCA. A similar mechanism had been flagged by Pandey's predecessor in January as a way to curb grey market activity. Pandey also invited suggestions on facilitating fundraising, disclosures, and investor onboarding. He asked the industry to identify emerging products and asset classes that could boost demand and supply of capital. In his address, the Sebi chairman highlighted the need for addressing the growing role of artificial intelligence (AI) in customer engagement, risk assessment and fraud detection 'We have to think of AI as an assist, not a substitute for judgment,' he said. Pandey also called for faster rumour verification and clearer communication with investors.
Mint
5 hours ago
- Mint
Small-cap stock under ₹100 in focus after THIS order book update; do you own?
Small-cap stock under ₹ 100: Globe Civil Projects shares will be in focus of the stock market investors on Friday, 22 August 2025, after the company announced that its order book has crossed ₹ 1,000 crore, according to an exchange filing. "Globe Civil Projects Limited is pleased to announce that its consolidated order book has crossed ₹ 1,000 crore, marking a significant milestone in the company's growth journey," the company informed BSE through the filing. As per the company disclosure, the order book ranges with projects from sectors like institutional, healthcare, and government infrastructure. CPWD, NBCC, and TCIL, are among the top investors who have allocated their projects to the Civil Construction firm. IITs (Roorkee, Gandhinagar, Kanpur), IIMs (Udaipur, Lucknow-Noida), NIT Delhi, Central University Punjab, AlIMS Raipur, Burari Hospital, Income Tax Building Bangalore, and CPWD housing projects are among the project mix in Globe Civil Projects' order book. "Crossing the 1,000 crore order book milestone is a significant achievement for the company, reaffirming the trust our clients place in our integrated EPC capabilities. With nearly 90% of our portfolio comprising funded central government projects, we enjoy strong cash flow visibility and reduced working capital risks," the company said. Globe Civil Projects shares closed 2.95% higher at ₹ 82.30 after Thursday's stock market session, compared to ₹ 79.94 at the previous market close. The company announced its order book update during the market operating hours on 21 August 2025. Shares of Globe Civil Projects have given stock market investors 0.98% returns on their investment since its listing on the Indian stock market on 1 July 2025. The shares of the company are trading 6.23% lower in the last one-month period but have gained 0.38% in the last five market sessions on the Indian stock market. Globe Civil Projects shares hit their 52-week high level at ₹ 95 on 1 July 2025, while their 52-week low level was at ₹ 73.56 on 8 July 2025, according to the data collected from the BSE website. The company's market capitalisation (M-Cap) stood at ₹ 491.49 crore as of the stock market close on Thursday, 21 August 2025. Read all stories by Anubhav Mukherjee Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making investment decisions.
