Jupiter Wagons Shares Dip After Promoter Stake Increase and Rally
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Jupiter Wagons Shares Dip After Promoter Stake Increase and Rally

Jupiter Wagons shares experienced a 3% dip following a significant five-day rally that saw a 37% surge. This rally was attributed to the promoter, Tatravagonka A.S., increasing its stake by acquiring shares via convertible warrants. Despite high valuations and an overbought technical indicator (RSI), the promoter's stake now stands at 19.24%. Analysts note potential short-term correction due to profit booking by institutional investors and high P/E and P/B ratios.

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