India's Jupiter Wagons rises on getting purchase order

Jupiter Wagons

20/06/2024 10:16

** Shares of Jupiter Wagons  JUWL.NS  rise as much as 3.9%,
before trimming gains to trade 2.3% higher
    ** The railway engineering co said it got a purchase order
from Siemens  SIEM.NS  for supply of 36 auxiliary batteries
    ** Additionally, co said Bharat Heavy Electricals  BHEL.NS 
has technically qualified 72.8 kWh LFP battery pack, which co
manufactures, for use in Vande Bharat trainsets
    ** Stock on track to rise for a fourth straight month, after
gaining 62% in the last three months 
    ** Stock has been above its 50-day, 100-day SMAs since April
and above its 200-day SMA since May 2021, indicating bullish
sentiment
    ** Stock more than doubled in 2024, after gaining for four
consecutive years 




 (Reporting by Anuran Sadhu in Bengaluru)
 ((Anuran.Sadhu@thomsonreuters.com ;))