This Railway Stock Sees FII Holding Jump In June Quarter

Jupiter Wagons posted its latest shareholding data on Friday.

What Happened: As per the data, FII holdings in the stock went up in the April-June period. At the end of March 2024, the stock had around 88 foreign portfolio investors owning a total of 93.99 lakh shares or a 2.28% stake in the railway company.

Now, at the end of June 2024, the number of holders has gone up to 104 owning a total of 1.70 crore shares or a 4.14% stake. Promoter holding in the company remained the same at around 70.1%.

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On the other hand, mutual fund holding in the stock went down in June. At the end of June 2024, mutual fund holdings stand at 0.81%. This is much below the 1.75% stake they held at the end of March 2024.

Over the past year, shares of Jupiter Wagons‘ have surged up over 300%. The rail infra company's order book stands at ₹7,101.66 crore. The company bagged orders worth around ₹1,500 crore in the March quarter. 

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