Jupiter Wagons share price jump 11% after receiving a ₹215 crore order for Vande Bharat Trains.
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| Jupiter Wagons share price jump image |
Jupiter Wagons' share price rose nearly 11% on Thursday after the company announced it had received an order for wheelsets for the Vande Bharat Train. The stock increased by 10.95% to ₹366.00 each on the BSE.
This surge was also reflected in trading volumes. Around 44 lakh equity shares of Jupiter Wagons were traded on August 21, much higher than the one-week average of 13 lakh shares.
Jupiter Wagons, which manufactures railway freight cars, stated that its material unlisted subsidiary, Jupiter Tatravagonka Railwheel Factory Private Limited, received a Letter of Intent (LOI) for a total of 5,376 wheelsets for the Vande Bharat Train. The order is valued at approximately ₹215 crore.
As of June 30, 2025, the company's order book stood at ₹5,972 crore, according to its investor presentation. At 9:35 AM, Jupiter Wagons' share price was trading 9.75% higher at ₹362.00 each on the BSE.
Nazara Tech share Update
Madhusudan Kela's portfolio stock, Nazara Technologies, saw its share price fall by 11%, dropping 22% over two days. More declines could be coming.
Nazara Technologies faced heavy selling pressure for the second day in a row, with shares dropping 11% in morning trade on Thursday, August 21, on the NSE. This followed a 13% decline the day before.
Nazara Tech shares opened at ₹1,178, down from the previous close of ₹1,219.40, hitting an intraday low of ₹1,085. By around 9:45 AM, the stock was trading 10.28% lower at ₹1,094. Over the past two sessions, the stock has lost 22.5%.
Why is Nazara Tech's share price falling?
Nazara Tech and several gaming stocks have faced pressure after the government introduced a bill to ban online money games in India. On August 20, the Lok Sabha passed the Promotion and Regulation of Online Gaming Bill, 2025, which bans online money games in the country.
The legislation categorizes gaming into four types: esports, educational gaming, social and casual gaming, and real-money gaming. Real-money gaming, where players deposit funds for cash rewards, is now considered a criminal offence.
Despite the downturn, Nazara shares have plummeted even though the company clarified it has no direct involvement in real-money gaming (RMG). Its latest financial report (Q1 FY26) shows that RMG contributed nothing to revenue or EBITDA.
Nazara has an indirect connection to RMG through a 46.07% stake in Moonshine Technologies Pvt. Ltd., which operates PokerBaazi. However, Nazara does not control the company or have a majority stake. It has invested ₹805 crore in Moonshine through a mix of cash and stock, holding convertible shares worth ₹255 crore that could convert into equity later.
Gem Aromatics IPO Update
Gem Aromatics’ IPO enters its third and final day for bids today, August 21, 2025. The initial public offering (IPO) for essential oils and aroma chemicals manufacturer Gem Aromatics Ltd has been oversubscribed in the first two days. Today is the last chance for investors to apply. The grey market premium for Gem Aromatics’ IPO remains solid on the final day.
The Gem Aromatics IPO opened on Tuesday, August 19, and closes today. The anticipated allotment date is August 22, with the estimated listing date on August 26. Gem Aromatics shares will be available on both the BSE and NSE.
The IPO price band is set between ₹309 and ₹325 per share. The minimum investment for retail investors is ₹14,214, and the company aims to raise ₹451.25 crore from the public offering. This includes a fresh issue of 53.84 lakh shares worth ₹175 crore and an offer-for-sale (OFS) of 85 lakh shares totaling ₹276.25 crore.
Here’s an overview of the Gem Aromatics IPO subscription status:
So far, on August 20, Gem Aromatics’ IPO has been subscribed 2.90 times overall, receiving bids for 2.83 crore shares against the available 97.82 lakh. The Retail Individual Investors category has seen a subscription rate of 3.19 times, while the Non-Institutional Investors (NII) segment has reached 3.95 times. The Qualified Institutional Buyers (QIBs) category received a subscription rate of 1.54 times.
Gem Aromatics IPO GMP Today:
The trend in the unlisted market shows a good increase in GMP today. Market observers report a GMP of ₹26 per share. This indicates that shares are trading higher by ₹26 than their issue price in the grey market.
Gem Aromatics shares are thus priced at ₹351 each in the grey market, representing an 8% premium to the IPO price of ₹325 per share.
Gem Aromatics IPO Review:
Gem Aromatics Ltd is a recognized manufacturer of specialty ingredients, including essential oils, aroma chemicals, and value-added derivatives in India. The company provides a broad range of products, covering everything from Mother Ingredients to various Value-Added Derivatives.
Most analysts have a positive view on the Gem Aromatics IPO and recommend investors subscribe for the long term based on solid valuation and the company’s strong market position.
At the upper price band, the company values the IPO at a P/E of 31.8x regarding its FY25 earnings, with an EV/EBITDA of 21.6x and a market cap of ₹16,977 million following the equity shares issuance. Anand Rathi suggests that the IPO is fully priced and rates it as ‘Subscribe - Long Term.’
BP Equities believe the company’s leadership in the F&F market, along with diverse products, a strengthened distribution network, and plans for margin growth show good long-term prospects.
At the upper price band, the issue stands at a P/E of 28.5x based on FY25 earnings, which seems rightly valued. Therefore, BP Equities recommends a ‘SUBSCRIBE’ rating for this issue.
According to SBI Securities, Gem Aromatics has a heavy working capital requirement due to prolonged receivable days on exports, higher mint inventory because of limited procurement periods, and a variety of SKUs to meet client needs.
At the upper price band of ₹325, Gem Aromatics is valued at a post-issue capital FY25 PE of 31.8x, which appears more appealing compared to its peers. We recommend investors SUBSCRIBE to the issue at the cut-off price for the long term,” SBI Securities noted.
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