Promoter warrant conversion sparks sharp rally in Jupiter Wagons shares

Jupiter Wagons Ltd. surged sharply on December 22, 2025 after a promoter group entity increased its stake through the conversion of previously issued warrants, triggering heavy volumes and renewed investor interest. Tatravagonka A.S. raised its holding by about 0.55%, a move the market interpreted as a confidence signal despite the dilution inherent in warrant exercises. The rally was reinforced by broad strength across railway linked stocks amid expectations of higher capex and policy support ahead of the Union Budget.