The latest developments have strengthened investor sentiment around Jupiter Wagons as the company continues to expand its presence across India’s freight mobility and energy-storage markets.
Rs 211 crore Wagon Orders from JSW Group, OASPL
Jupiter Wagons Limited secured two orders worth a combined Rs 211.27 crore, including GST, from JSW Port Logistics Private Limited and Orissa Alloy Steel Private Limited (OASPL).
The company signed a Rs 147.11 crore Letter of Intent (LoI) with JSW Port Logistics for the manufacture and supply of 7 BOSM rakes comprising 329 wagons.
Together, the two orders are expected to further strengthen Jupiter Wagons’ order book and capitalize on the rising demand for modern freight transportation solutions from industrial and logistics players.
BESS Business adds another Rs 400 crore opportunity
Adding another layer to the stock’s positive news flow, Jupiter Wagons has also emerged as the successful bidder for two standalone Battery Energy Storage System (BESS) projects with a combined capacity of 100 MW/400 MWh in West Bengal.
The projects, located at Jeerat and Kharagpur, were awarded by West Bengal State Electricity Distribution Company Ltd (WBSEDCL) through e-reverse auctions under the Tariff-Based Competitive Bidding (TBCB) route.
The projects will be executed and operated through Jupiter Electric Mobility (JEM), a subsidiary of Jupiter Wagons.
The BESS projects involve an estimated Rs 400 crore investment/order opportunity and will operate under a 15-year Build-Own-Operate (BOO) model with WBSEDCL. This long-term arrangement is expected to provide greater revenue visibility while expanding Jupiter Wagons’ footprint in India’s rapidly developing energy-storage market.
Following the latest wins, JEM’s BESS order book has increased to approximately 500 MWh, valued at more than Rs 500 crore.
The company is targeting a BESS order book of around Rs 1,000 crore by FY27, reflecting its ambitions to build a sizeable presence in India’s emerging energy-storage industry.
Jupiter Wagons Share Price: Technical View
Jupiter Wagons shares rallied 4.48% to Rs 268.95 during Tuesday’s session on the NSE. Despite the sharp move, the stock remains well below its 52-week high of Rs 372.85.At current levels, the company commands a market capitalisation of around Rs 11,000 crore.
On the technical front, the stock’s 14-day Relative Strength Index (RSI) stands at 48.5, indicating that the stock is neither in the oversold nor overbought zone. Typically, an RSI below 30 is considered oversold, while a reading above 70 indicates overbought conditions.
The stock is currently trading above five out of eight key Simple Moving Averages (SMAs), indicating a relatively constructive technical setup.
(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price
(What's moving Sensex and Nifty Track latest market news, stock tips, Budget 2025, Share Market on Budget 2025 and expert advice, on ETMarkets. Also, ETMarkets.com is now on Telegram. For fastest news alerts on financial markets, investment strategies and stocks alerts, subscribe to our Telegram feeds .)
Subscribe to ET Prime and read the Economic Times ePaper Online.and Sensex Today.
Top Trending Stocks: SBI Share Price, Axis Bank Share Price, HDFC Bank Share Price, Infosys Share Price, Wipro Share Price, NTPC Share Price