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Jupiter Wagons jumps as promoter raises stake via warrant conversion
Jupiter Wagons shares rallied over 11 percent after promoter Tatravagonka increased its stake by converting warrants, boosting investor confidence in the company’s outlook.
Shares of surged over 11 percent on Monday, climbing to ₹288.90 after the company disclosed a rise in promoter holding. The move followed an announcement that promoter acquired additional equity through the conversion of convertible warrants. The transaction, executed under a previously approved preferential issue, was seen as a confidence signal, driving strong investor interest and higher trading volumes.