Jupiter Wagons sets QIP floor price at Rs 689.47/ share
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Jupiter Wagons has set the floor price of its qualified institutional placement (QIP) at Rs 689.47 per equity share. The issue opened on Monday.The decision was taken at a meeting of the company's board of directors on Monday and the announcement was made later in the evening. Shares of Jupiter Wagons ended at Rs 722.60 on the NSE, down by Rs 7.40 or 1.01%. The company reported a consolidated net profit of Rs 105 crore for the quarter ended March 31, 2024, which was nearly three-fold jump over the profit after tax reported by the company in the year ago period at Rs 39 crore. In the previous quarter, it had reported a net profit of Rs 81.5 crore. The total consolidated revenue in the said quarter stood at Rs 1,127 crore, which was up from Rs 712.7 crore reported in the corresponding quarter of the previous financial year. In the December ended quarter, total revenue stood at Rs 900.8 crore. The railway stock has given multibagger retu...