MESSAGES

Promoters did not sell even a single share. Their percentage wise holding came down because of QIP. On the contrary the stake of promoter has increased holding wise as one promoter group had bought shares in the first QIP. The second QIP was made at around 650 rupees. I do not think that the big boys who invested during that time would not be having a clear picture of the future of the company. We as retail investors do not have full information about a company future prospects but the big boys who invest in crores have all the information. As I pointed out earlier the government has spent huge capex setting up railway infrastructure. On that infrastructure only trains can run. It cannot be used to run cars or trucks so the long term story on railway trains and wagons is still intact and would grow further. Indian companies can become competitive in the global scenario only if the logistics cost comes down and that is where the entire railway story lies. The railway story is not just a few Vande Bharat trains but the real story lies in freight trains. Freight trains are made with wagons and that is where Jupiter comes into play. It is a huge capex business plus a huge barrier to entry in terms of safety and other regulations if at all a new business house wants to get into the sector. So as of now the pie is distributed between few players only. So the long term story looks intact. Short term players may get bruised in the interim period.

Promoters stake came down after the QIP as a percentage of overall holding. In absolute value, Tatravagonka which is also a promoter in a preferential allotment got more shares to fund the new wheel sets factory. How are people investing in the stock without tracking these basic things.

pick n choose you are making some good points. but the promoters dont know that it seems. promoters are busy profiteering by selling their stake slowly but surely. how do you explain this