Railway Stock: 30% Dividend Declared Below Rs 500 Per Share

Jupiter Wagons Limited has yet to disclose the ex-date, record date, and payment date for the final dividend of FY24.

The shares of Jupiter Wagons Limited saw a rise of over 2 percent on Wednesday, opening at Rs 414.65 compared to the previous close of Rs 405.20. By 11:50 am, the stock was trading at Rs 410 per share, up by Rs 4.80 or 1.18 percent, as per NSE data. During this time, over 20.35 million shares changed hands.

Jupiter Wagons, part of the S&P BSE 500 index, witnessed significant growth according to BSE analytics (as of May 8). Year-to-date, the company’s shares rose by more than 28 percent. Over the past 1, 2, 3, 5, and 10 years, Jupiter Wagons Limited’s stock surged by 275.79 percent, 672.48 percent, 2303.52 percent, 2121.14 percent, and 2839.74 percent, respectively.

In the current year, Jupiter Wagons Limited paid a dividend of Re 0.3 in February. In the previous year, the company declared a dividend of Re 0.5 in September.

Jupiter Wagons Limited (JWL) offers a wide range of mobility solutions, including Freight Wagons, Locomotives, Passenger Coaches (LHB), Braking Systems, Metro Coaches, Commercial Vehicles, ISO Marine Containers, and various products like Couplers, Draft Gears, Bogies, and CMS Crossings. With manufacturing facilities in Kolkata, Jamshedpur, Indore, and Jabalpur, JWL ensures full backward integration to its foundry operations.