Two multibagger railways stocks jump up to 5% as govt plans PLI scheme for train parts

Jupiter Wagons shares hit the 5% upper circuit and a 52-week high of Rs 271.4 in Wednesday’s trade as the government is planning to introduce a production-linked incentive (PLI) scheme for train component makers as part of its efforts to attract foreign manufacturing firms and reduce dependence on imports, people aware of the matter said.

Meanwhile, another train part maker Titagarh Rail Systems rose nearly 3% to Rs 675 in today’s trade.