After a period of slow growth, the wagon industry has experienced a revival, primarily driven by the government's focus on infrastructure development and capacity expansion, states Sanjiv Keshri, Chief Financial Officer of Jupiter Wagons Ltd

Additionally, the company reported excellent numbers in its half-yearly and annual results. The net sales increased by 27.50 per cent to Rs 9.85 crore and net profit skyrocketed 325 per cent to Rs 0.34 crore in H2FY23 compared to H2FY22.

Shares of the company have gained about 100 per cent in the last six months.

This upward trajectory was underpinned by substantial trading volume, with over 13 lakh shares changing hands on the NSE within the initial half-hour.

Taking a broader view, the landscape reveals around 2,066 stocks on the rise, while 853 stocks are observing declines. This collective movement underlines an overarching positive sentiment that currently pervades the wider market scene.

The company's return on capital employed (ROCE) and return on equity (ROE) are at 89% and 99%, respectively.

According to the financials, BFL has a market cap of over Rs 45,000 crore. The net sales increased by 36 per cent to Rs 3,877 crore, the operating profit increased by 40 per cent to Rs 595 crore and the net profit increased by 34 per cent to Rs 214 crore in Q1FY24 compared to Q1FY23.

SEML has a market cap of Rs 109.30 crore. The net sales increased by 77.34 per cent to Rs 60.81 crore and net profit increased by 280.92 per cent to Rs 6.59 crore in H2FY23 over H2FY22. The net sales increased by 50.66 per cent to Rs 96.83 crore and net profit increased by 63.60 per cent to Rs 8 crore in FY23 over FY22.

Shares of the company grew by more than 160 per cent in the last six months.

According to the quarterly results, the net sales increased by 15.86 per cent to Rs 263 crore and the net profit increased by 433 per cent to Rs 30 crore in Q1FY24 compared to Q1FY23. The EPS for Q1FY24 stood at Rs 1.11.