WAGON SUPPLY
Railways adds 9,638 wagons to contracts worth Rs 3,925 crore
Indian Railways is increasing its wagon procurement by 24.57% through additional orders from five suppliers. The incremental orders amount to approximately ₹3,925.41 crore and include 9,638 wagons. These wagons are intended for bulk commodities and will be supplied by June 2027. Suppliers involved in this contract include Titagarh Wagons, Jupiter Wagons, and Texmaco Rail & Engineering.
Jupiter Wagons bags Rs 324 crore orders from GATX India and Chetak International
Jupiter Wagons Ltd has obtained private sector orders worth over Rs 324 crore for automobile carrier wagons. GATX India issued a Letter of Intent for 10 rakes valued at Rs 214.94 crore. Chetak International placed an order for five rakes worth Rs 109.10 crore. The company highlights strong demand for its new ACT2 wagon platform among private operators.
Jupiter Wagons gets Rs 1,140 crore order from Indian Railways
Jupiter Wagons Limited (JWL) has secured a Rs 1,140 crore order from Indian Railways to manufacture and supply 2,583 wagons. The company expects to secure additional orders worth around Rs 2,000 crore in the fourth quarter of the current financial year. Demand prospects have also received a boost from a Ministry of Railways tender for 5,800 BOBRN wagons, while JWL is expanding its manufacturing capabilities across the wagon value chain.
Jupiter Wagons shares rally 8% on Rs 1,140 crore Railway Board order
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 around Rs 2,000 crore in Q4 FY27, supported by government and private-sector demand. Despite the gains, the stock has fallen 25% in three months and trades below seven of its eight simple moving averages.
Why India’s largest carmaker’s chairman believes small cars still rule the road despite the SUV craze
Maruti Suzuki Chairman R C Bhargava highlighted the ongoing demand for small cars in India. He noted sales figures of 398,000 small cars and 162,000 SUVs in the first half of FY27. First-time buyers now account for 54% of Maruti's sales, marking a significant increase. The recent GST cuts have improved affordability for entry-level vehicles.
Will analysts' predictions go wrong? 15 auto stocks with upside potential of up to 50% to as low as negative 1%
For anyone trying to figure out where the economy is headed in the next six months, the numbers to watch will come from auto showrooms. The auto sector has, for long, provided the earliest indications of the health of the economy. And the sales numbers it puts out ahead of the festive weeks are where the correlation is best seen. So, keep a close watch on the auto pack.
Defence stocks: Time to change strategy in a bearish market? An ecosystem with down and upside potential of -39% to plus 37%
The current fall is both at the level of the indices and the broader market. And when the selling is this broad, almost every sector is affected. But they do not all feel it equally, and it is worth knowing why every sector behaves differently at different points of time. Stock Reports Plus, powered by Refinitiv, is a comprehensive report that evaluates five key components of 4,000+ listed stocks – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. The simple average of the above-mentioned five component ratings is normally distributed to reach an average score.
Railways to tighten component checks to fix warranty gaps
Indian Railways is implementing a stricter compliance framework for component warranty markings to prevent issues. Recent equipment failures have highlighted problems with illegible or incomplete markings on mechanical parts. The focus will be on ensuring complete and accurate markings for critical freight components. Zonal railways will conduct random checks on newly supplied components to enforce compliance effectively.
The Other Hormuz: Black Sea blockade threatens a food supply shock
Combined Russian and Ukrainian wheat exports are estimated to end up at roughly half what they were last year for the July to September harvesting period
Odisha rejects Dara Singh’s remission plea in Graham Staines murder case, tells SC
Odisha rejected Ravindra Pal alias Dara Singh's plea for early release. The Supreme Court granted Singh two weeks to amend his petition. Singh is serving a life sentence for the 1999 murder of Graham Staines and his sons. He has spent over twenty-five years in jail since his conviction. The court will hear the amended petition after three weeks.
Train passengers could be the biggest beneficiaries: India completes 2,843-km Dedicated Freight Corridor; how shifting goods trains to separate tracks could change rail travel
India’s Dedicated Freight Corridor network, spanning 2,843 km, is now fully operational, marking a significant milestone in the country’s infrastructure development. The network is designed to ease congestion on existing railway lines, enabling freight trains to operate with greater speed and reliability. The DFC is expected to improve India’s logistics efficiency, strengthen competitiveness and encourage a shift in freight transportation from roads to railways.
These large-caps have ‘strong buy’ & ‘buy’ recos and an upside potential of over 22%, according to analysts
Rising crude-oil prices are an obvious concern. But domestic factors like FPI selling, market repricing in select sectors, and the impact of supply chain disruption on margins may also be beginning to impact sentiment. But there is another thing that needs to be watched carefully: Will the world see some unwinding of AI-related trades? If yes, what does it mean for the Indian market?
EV-related stocks: Own the chain, not the guess; 13 stocks with upside potential of up to 28% and downside risk of -14%, according to analysts
In the stock market, when a big theme or sectoral trend takes off, most investors focus on the face of it. A brand with which they can relate. The same is happening in the auto sector, which is transitioning to the EV age. However, behind every EV is a long, hidden chain of businesses. Chasing an obvious name means betting on just one stock. There is a better way. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components – earnings, fundamentals, relative valuation, risk, and price momentum – to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Maruti Suzuki to hike car prices by Rs 20,000 on selected models again; stock turns green
Maruti Suzuki will increase car prices by up to twenty thousand rupees this September. This follows a previous price adjustment of around thirty thousand rupees last month. The automaker cited sustained increases in input costs as the primary reason. Maruti Suzuki has made efforts to mitigate these rising costs through various measures. However, the company is now passing on a portion of these increased costs to customers.
Titagarh Rail Systems shares gain 3% after Indian Railways' approval for traction motor supply
Titagarh Rail Systems shares rose after Indian Railways approved the company as a vendor for supplying three-phase asynchronous traction motors for locomotives. The approval allows Titagarh to supply up to 1,200 traction motors annually, boosting its prospects in the railway equipment segment.
Jupiter Wagons shares rise 4% after Rs 211 crore order wins, Rs 400 crore BESS project
Jupiter Wagons marked a notable surge in share prices due to securing significant contracts for freight wagons and energy storage solutions. With orders exceeding Rs 211 crore from the JSW Group and OASPL, alongside two battery energy storage initiatives worth Rs 400 crore, the company aims to bolster its market share in India, targeting a Rs 1,000 crore BESS order book by FY27.
Jupiter Wagons gets Rs 957 cr order from Railways
West Bengal-based Jupiter Wagons manufactures all types of railway wagons and accessories. The company also manufactures containers, commercial vehicle load bodies and commercial electric vehicles. Jupiter Wagons shares dropped by 4.21 per cent to settle at Rs 361.90.
Besco bags Rs 485 crore order to supply 1,200 wagons to Indian Railways
Besco will be supplying Bogie Open Wagon type (BOXNS) wagons which are primarily used for ferrying coal and steel on the national transporter. The Railways will be billed Rs 34.26 lakh per wagon by Besco which will be manufactured in West Bengal’s 24 Parganas (South). This rate has been arrived after a counteroffer made by the Railway Board in December 2023.
CAG flags inadequate approvals in 3.3 lakh railway wagons
CAG also said that more than 3.30 lakh wagons, that constitute 41% of total, were passed without Neutral Control Office (NCO) approval after being repaired at workshops and terminal yards
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