Jupiter Wagons Experiences High Volatility Amid Ongoing Market Challenges

Jan 16 2025 09:30 AM IST
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Jupiter Wagons, a midcap auto ancillary firm, experienced a notable rise on January 16, 2025, outperforming its sector. The stock reached an intraday high but exhibited significant volatility. Despite today's gains, it remains below key moving averages and has seen a decline over the past month, reflecting ongoing market challenges.
Jupiter Wagons, a midcap player in the auto ancillary industry, saw a significant increase of 6.5% on January 16, 2025, outperforming its sector by 2.02%. The stock reached an intraday high of Rs 445.65, reflecting a 2.52% rise from the previous close. However, it displayed high volatility during the session, with an intraday volatility rate of 344.67%.

Despite today's gains, Jupiter Wagons is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a longer-term downward trend. Over the past month, the stock has declined by 16.78%, while the Sensex has decreased by 5.63%. This performance highlights the challenges the company is currently facing in the market environment.
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