The new order size would be equivalent to quarterly revenue of the company thereby adding significantly to the revenue visibility. It had revenue of Rs 368 crore in FY23, with operating profit of Rs 71 crore, which implies a margin of 19.3%.
Jupiter Wagons shares rallied over 8% after securing a Rs 1,140 crore Railway Board order for 2,583 wagons. The company expects additional order inflows of
Adani Group stocks rose on Thursday, adding Rs 23,000 crore to their combined market capitalisation, as Q2 results and bullish brokerage calls lifted sentiment. Adani
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