Jupiter Wagons: Jefferies raises target price but still sees 23% downside
- Posted on June 3, 2026
- By Financial Express
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- 1 min read
Jupiter Wagons: Jefferies raises target price but still sees 23% downside
Jefferies has maintained its 'Underperform' rating on Jupiter Wagons and raised its target price to Rs 210, implying a potential downside of 23%. Here's a look at the key reasons behind the brokerage's cautious stance, including weak Q4 earnings, execution risks, and delays in the Odisha wheel manufacturing project.
