JWL

** Jefferies starts coverage of India's Titagarh Rail System TITG.NS with 'buy' and Jupiter Wagons JUWL.NS with 'underperform'

** Shares of Titagarh Rail up 2.7% at 631.50 rupees, Jupiter Wagons up 0.23% at 257.27 rupees

** Brokerage says TITG (TP:810 rupees) will be key beneficiary of rising passenger, metro coach demand; estimates 5% revenue growth between FY26-30 led by 14x rise in its passenger segment revenues

** Adds JUWL (TP:200 rupees) appears expensive relative to its expected FY25–30 EPS growth and flags higher wagon exposure as limiting long-term growth visibility versus peers

** YTD, TITG down 31.06% vs 24.5% drop for JUWL

(Reporting by Devika Nair in Bengaluru)

((Devika.MadhusudhananNair@thomsonreuters.com;))

** Shares of Jupiter Wagons JUWL.NS rise 15.6% to 294.55 rupees

** 1.6 mln shares in JUWL traded across eight block deals on NSE, LSEG data shows

** Block deals at premium ranging between 13.4% to 16% to closing price on Thursday

** Overall trading vols nearly 32x the 30-day average at 64.1 mln shares so far

** JUWL down ~13% YTD vs 32.2% fall in 2025

(Reporting by Vijay Malkar)

((VijayDattaram.Malkar@thomsonreuters.com;))

Aug 21 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• UNIT SECURES 2.15 BILLION RUPEES ORDER FOR VANDE BHARAT WHEELSETS

Source text: ID:nBSEc10lTD

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Aug 20 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER TATRAVAGONKA RECEIVES LOI FOR 5376 WHEELSETS, ORDER VALUE 2.15 BILLION RUPEES

Source text: ID:nBSE6nzgss

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

July 15 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• SANJIV KESHRI RESIGNS AS CFO

Source text: ID:nBSE45r200

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

** Steep rise in Indian railway stocks in past few weeks contrasts government's flat FY26 capex projection and modest medium-term outlook, says Kotak Institutional Equities

** Attributes stock boost to euphoria in mid- and small-caps and rub-off effect from other sectors like defence, manufacturing and electrification

** Jupiter Wagons JUWL.NS, RITES RITS.NS and RailTel Corporation of India RAIT.NS down 1.9%, 2.9% and 3.8%, respectively, today after brokerage commentary

** However, JUWL, RITS and RAIT still up 15%, 37% and 56%, respectively, since May

** Other stocks like IRCON International IRCN.NS and Titagarh Rail Systems TITG.NS up ~43% and 25% since May

** Kotak says it's hard to reconcile valuations of railway stocks with their financials and growth prospects

** Says most railway cos' profits have either fallen or remained unchanged in 2025 from last yr, while stocks have surged

** Adds, it does not see scope for meaningful pickup in railway capex in medium term

(Reporting by Vivek Kumar M)

((VivekKumar.M@thomsonreuters.com;))

May 27 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS - JUPITER ELECTRIC MOBILITY SIGNS MOU WITH PICKKUP

• JUPITER WAGONS - DEAL WITH PICKKUP AIMS TO DEPLOY 300 UNITS OF JEM TEZIN IN PICKKUP'S EV FLEET

Source text: [ID:]

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of engineering co BEML BEML.NS up 2.4% to 3,710 rupees

** Firm, which makes rail coaches and metro cars, reports 12% jump in Q4 profit, 9.2% climb in revenue

** BEML rose more than 4% post results, before trimming some gains

** Avg rating of four analysts is "strong buy" and median PT is 3,999.5 rupees, ~8% higher than current price - data compiled by LSEG

** BEML down ~9% YTD vs rival Jupiter Wagons' JUWL.NS ~20% fall

($1 = 85.3575 Indian rupees)

(Reporting by Anuran Sadhu in Bengaluru)

((Anuran.Sadhu@thomsonreuters.com; +91 8697274436;))

April 23 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS LTD - LABOUR UNREST AT DEORI UNIT COMMENCED ON APRIL 5, 2025

• JUPITER WAGONS LTD - CONFIDENT OF MITIGATING FINANCIAL AND OPERATIONAL IMPLICATIONS

• JUPITER WAGONS LTD - DISCUSSIONS UNDERWAY WITH TRADE UNIONS TO RESOLVE LABOUR UNREST

Source text: ID:nNSE1cnC3M

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 3 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• LAUNCHES JEM TEZ AND INAUGURATES EV MANUFACTURING PLANT IN INDORE

• AIMING TO ACHIEVE REVENUE OF 1 BILLION RUPEES IN FIRST YEAR OF OPERATIONS

Source text: ID:nBSE2Qtc61

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 27 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER TATRAVAGONKA RAILWHEEL FACTORY SECURES 2.55 BILLION RUPEES ORDER

Source text: ID:nBSE85pYP5

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 12 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• BAGS 6 BILLION RUPEES ORDER FROM AMBUJA CEMENT AND ACC

Source text: ID:nBSEgv341

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 11 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• GETS LOA FOR ORDER VALUE ABOUT 6 BILLION RUPEES

Source text: ID:nBSE3vSshg

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

MADRID, Feb 7 (Reuters) - India's train maker Jupiter Wagons JUWL.NS and Poland's state-owned investment PFR are readying two separate offers for Spanish train maker Talgo TLGO.MC, news website El Confidencial reported on Friday, citing unidentified sources with knowledge of the matter.

Both companies are readying public tender offers for all the shares of Talgo, El Confidencial reports.

The two bids would rival the offer filed on Thursday by a Basque consortium comprising shareholders of steelmaker Sidenor, together with the regional government and local bank Kutxabank, for a 29.8% stake in Talgo at up to 4.80 euros ($4.98) a share.

Jupiter and PFR, which owns Polish train maker Pesa, did not immediately respond to requests for comment.

($1 = 0.9632 euros)

(Reporting by Inti Landauro and Marta Serafinko; editing by David Evans)

((Inti.Landauro@thomsonreuters.com;))

BENGALURU, Jan 29 (Reuters) - Diary of India economic, corporate events on Jan.29

ECONOMIC, CORPORATE .BSE500 EVENTS:

NTS - 'No time scheduled'

(Compiled by Bengaluru Newsroom)

((Diaries@thomsonreuters.com))

Jan 24 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER ELECTRIC MOBILITY PARTNERS WITH PORTER

• PARTNERSHIP TO PROMOTE SUSTAINABLE ELECTRIC MOBILITY

Source text: ID:nBSERv9W

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Jan 22 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• TO CONSIDER RAISING FUNDS THROUGH EQUITY, DEBT INSTRUMENTS

Source text: ID:nBSEbvSlCM

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Dec 31 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS LTD - INCREASES STAKE IN SUBSIDIARY JUPITER ELECTRIC MOBILITY TO 75% FROM 60%

Source text: ID:nBSE2nKzDn

Further company coverage: JUWL.NS

((reuters.briefs@thomsonreuters.com;))

Dec 3 (Reuters) - The following Spanish stocks may be affected by newspaper reports and other factors on Tuesday. Reuters has not verified the newspaper reports, and cannot vouch for their accuracy:

ACS ACS.MC

ACS said on Monday its subsidiary CIMIC bought Maverick United Consulting Engineers. nL5N3N4071

GRIFOLS GRLS.MC

Bloomberg reported on Monday Grifols' shareholder Mason Capital called for board to be replaced. nFWN3N313B

Separately, several Spanish and foreign investors holding Grifols' shares plan to issue a statement on Tuesday backing the attitude of the board committee that examined Brookfield's potential takeover bid and described its price proposal as insufficient, Spanish economic newspaper Expansion reported on Tuesday.

GRENERGY GREG.MC

Grenergy said on Tuesday its nine-month net profit fell 91% to 6.3 million euros ($6.61 million) year-on-year. nFWN3N405M

ALANTRA ALNTA.MC

Alantra said on Monday it appointed Inigo de Caceres as CEO. nL5N3N406I

ACCIONA ANA.MC

Acciona partnered with Suez on a 513 million euro water treatment project in Australia, while in Qatar it has won a $500 million desalination plant project, Spanish economic newspaper Expansion reported on Tuesday.

TALGO TLGO.MC

Indian manufacturer Jupiter Wagons JUWL.NS has entered into talks to buy a stake in Talgo, Spanish newspaper El Economista reported on Tuesday, without citing any source.

GESTAMP GEST.MC

Barclays cut the company to "equal-weight" from "overweight" and cut its target price to 3 euros from 3.5 euros. nAZN2QGHZP

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($1 = 0.9533 euros)

(Gdansk Newsroom; Gdansk.newsroom@thomsonreuters.com
+48 58 769 66 00)

Nov 8 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS SEPT-QUARTER CONSOL NET PROFIT 897.4 MILLION RUPEES

• JUPITER WAGONS SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 10.09 BILLION RUPEES

Source text: [ID:]

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))

** Shares of Jupiter Wagons JUWL.NS rise as much as 7.3% to 522 rupees

** The train wagons maker says it acquired the railway and electric truck battery divisions of Log9 Materials

** Nearly 3.5 mln shares traded, 3.7x the 30-day avg and stock's busiest session since July 16

** Stock up 58.5% YTD, on track for fifth straight yearly gains

(Reporting by Ashish Chandra in Bengaluru)

((ashish.chandra@thomsonreuters.com (+91 7982114624))

Oct 30 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER ELECTRIC MOBILITY ACQUIRES LOG9'S RAILWAY, ELECTRIC TRUCK BATTERY DIVISIONS

• JEM WILL ACQUIRE LOG9'S MANUFACTURING FACILITY IN DEVANAHALLI, BANGALORE

Source text: ID:nBSE7qYXxX

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Sept 18 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• DIVIDEND 1 RUPEE PER SHARE

Source text for Eikon: ID:nBSEby1zlQ

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))

Sept 17 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS - CAPACITY EXPANSION PLANS FOR UNIT

• JUPITER WAGONS LTD - FACILITY IS EXPECTED TO BE FULLY OPERATIONAL BY CY 2027

• JUPITER WAGONS - INVESTMENT OF ABOUT 25 BILLION RUPEES IN CAPACITY EXPANSION

Source text for Eikon: ID:nBSE8JRZmc

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;;))

BENGALURU, Aug 5 (Reuters) - India's BEML BEML.NS reported a narrower first-quarter loss on Monday, helped by increasing demand for its heavy machinery and equipment.

The state-owned company reported a consolidated loss of 704.7 million rupees ($8.4 million) in the quarter ended June 30, compared to 750.1 million rupees a year earlier.

India's manufacturing sector saw a resurgence in the April-June quarter as output increased on robust demand, helping companies such as BEML, which operates in sectors including defence, aerospace, and rail.

The company's revenue from operations rose 9.9% to 6.34 billion rupees. This is its fifth consecutive rise in quarterly revenue.

It executed orders worth 6.18 billion rupees during the quarter, compared to 5.62 billion rupees a year ago.

Total expenses, however, rose 8.71%, while cost of materials consumed, which makes up almost half of the overall expenses, jumped 37.46%.

Rival railway coach-maker Jupiter Wagons JUWL.NS reported a 46% rise in its June-quarter profit.

BEML's stock was up 39.4% in the first quarter and has gained nearly 48% so far in 2024.

($1 = 84.1430 Indian rupees)

(Reporting by Meenakshi Maidas and Yagnoseni Das in Bengaluru; Editing by Sonia Cheema)

((Meenakshi.Maidas@thomsonreuters.com; +91 8921483410;))

July 25 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS JUNE-QUARTER PROFIT 892.3 MILLION RUPEES

• JUPITER WAGONS JUNE-QUARTER REVENUE FROM OPERATIONS 8.95 BILLION RUPEES

Source text for Eikon: ID:nBSEBPrSc

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))

** Nifty infrastructure index .NIFTYINFR extends losses after India budget retains capex outlay

** NIFTYINFR sheds 0.5%, before budget was down 0.2%

** India government retains capex outlay on Tuesday's budget from interim budget announced in Feb 2024

** Infrastructure was widely expected to be among key focus of this budget

** Expected infra focus spurred hopes that capex will be raised, said Kranthi Bathini, Wealthmills Securities

** Construction bellwether Larsen and Toubro LART.NS fall 2.2%

** Wagon makers Titagarh Rail Systems TITG.NS and Texmaco TEXA.NS fall 1.8% and 2.1%

** Road makers Dilip Buildcon DIBL.NS and IRB Infrastructure Developers IRBI.NS down ~1% each

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com;))

July 8 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• APPROVED QIP FLOOR PRICE OF 689.47 RUPEES PER SHARE

Source text for Eikon: ID:nBSE4llQMv

Further company coverage: JUWL.NS

((Reutersbriefs@thomsonreuters.com;))

June 20 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• JUPITER WAGONS LTD - UNIT GOT CONTRACT FROM SIEMENS FOR SUPPLY OF 36 AUXILIARY BATTERIES

• JUPITER WAGONS LTD - 72.8 KWH LFP BATTERY PACK HAS BEEN TECHNICALLY QUALIFIED BY BHEL FOR USE IN VANDE BHARAT TRAINSETS

Source text for Eikon: ID:nNSE9PkZy2

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))

May 29 (Reuters) - Jupiter Wagons Ltd JUWL.NS:

• UNIT RECEIVED ARAI APPROVAL FROM AUTOMOTIVE RESEARCH ASSOCIATION OF INDIA FOR COMPLIANCE TO CENTRAL MOTOR VEHICLES RULES

• UNIT JEM IS NOW EQUIPPED TO START COMMERCIAL PRODUCTION OF BATTERY OPERATED LIGHT COMMERCIAL VEHICLES WITH PAY LOAD OF 1 TON

Source text for Eikon: ID:nBSE4wD0vs

Further company coverage: JUWL.NS

((Reuters.Briefs@thomsonreuters.com;))