Relevant for Exams
Jupiter Wagons shares jump 32% as promoter Tatravagonka A.S. increases stake by Rs 135 crore.
Summary
This article details Jupiter Wagons' share price surge after its promoter, Tatravagonka A.S., invested Rs 135 crore through convertible warrants, increasing its stake to 19.24%. While illustrating market dynamics, specific individual stock movements like this are generally not direct competitive exam material. Its relevance is minimal for general knowledge or economic principles.
Key Points
- 1Jupiter Wagons' shares experienced a 32% increase over three days.
- 2Promoter Tatravagonka A.S. acquired an additional stake in Jupiter Wagons.
- 3The investment by Tatravagonka A.S. amounted to Rs 135 crore.
- 4This stake increase was facilitated through a convertible warrant allotment.
- 5Post-acquisition, the promoter's total holding in Jupiter Wagons rose to 19.24%.
Full Article
Jupiter Wagons shares have seen a sharp uptick in three days after promoter Tatravagonka A.S. increased its stake via a Rs 135-crore convertible warrant allotment. The move boosted promoter holding to 19.24%, lifting investor sentiment. The stock trades at Rs 334 with bullish technicals despite remaining below long-term moving averages.