India's Jupiter Wagons up on acquiring Bonatrans India

Jupiter Wagons

21/03/2024 05:54

** Shares of Jupiter Wagons  JUWL.NS  rise as much as 4.7%
to 349 rupees
    ** Railway engineering company on Wednesday acquired
Bonatrans India for 2.71 billion rupees ($32.6 million)
    ** JUWL says, it is now the first rolling stock
manufacturing co to have its own wheel plant
    ** Co logged four straight yearly gains, rising 247.4% in
2023
    ** Last up 3.8%, stock up 8.2% YTD 



($1 = 83.1175 Indian rupees)

 (Reporting by Anisha Ajith in Bengaluru)
 ((anisha.ajith@thomsonreuters.com))