Railway Stock to Buy Before Budget: Looking to buy stocks before budget speech? Check out this analyst pick
Jupiter Wagons Ltd (JWL) reported an 18.4 per cent year-on-year (YoY) increase in consolidated net profit to Rs 96.4 crore for the quarter ended December 2024, driven by higher revenue and improved margins. The company's revenue from operations for Q3FY25 stood at Rs 1,029.8 crore, up 15 per cent YoY.
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Finance Minister Nirmala Sitharaman is all set to present the Union Budget on Saturday, February 1. Investors who are looking to buy stocks before union budget, still have a chance to buy this railway stock from a long-term perspective. As FM will start the budget speech at 11 AM tomorrow, investors have still time to invest in such stocks.
Benchmark Sensex jumped 741 points while Nifty rallied to close above 23,500 on Friday on heavy buying in Larsen & Toubro post its Q3 results and the Economic Survey predicting a pro-growth budget. The 30-share BSE Sensex ended 740.76 points or 0.97 per cent higher at 77,500.57. During the day, it jumped 846.15 points or 1.10 per cent to 77,605.96.
Stock to buy before Budget 2024
Brokerage firm Profitmart Securities' Avinash Gorakshakar has chosen Jupiter Wagons stock for long-term buyers before the budget. The analyst has given a first target of Rs 425 and a second target of Rs 430.
Today, the shares of Jupiter Wagons closed at Rs 401.4 each, up almost 13 per cent from its previous closing price. This means the stock has an upside of up to seven per cent from its today's closing price.
A look at Jupiter Wagon's Q3FY25 earnings
Jupiter Wagons Ltd (JWL) reported an 18.4 per cent year-on-year (YoY) increase in consolidated net profit to Rs 96.4 crore for the quarter ended December 2024, driven by higher revenue and improved margins. The company's revenue from operations for Q3FY25 stood at Rs 1,029.8 crore, up 15 per cent YoY.
For the nine months ended December 2024, JWL's consolidated income stood at Rs 2,951.2 crore, up 16.1 per cent YoY, with net profit rising 22.7 per cent to Rs 277.7 crore. The company's order book stood at Rs 6,320 crore as of December 31, 2024, the statement said.
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