This Under-the-Radar Company is Betting on Very Exciting Businesses

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backdoor entry to invest in the steel sector. HEG does not directly manufacture or trade steel, but it manufactures furnaces in which steel is manufactured. Hence, its performance is directly linked with the performance of the entire steel sector.

Back door companies often remain under the radar, which often works out in favour of investors. Mainstream companies often trade at expensive valuations because they attract wide traction while backdoor companies may trade at fair valuation. In this article, we will talk about one such under-the-radar company that can give you a back door entry into the railway sector along with tailwinds from the high-growth EV sector.

The company’s interesting line of business gives it a unique opportunity to be at the centre of the sectoral tailwinds. The stock in question is none other than Jupiter Wagons. Let’s look at how the company’s business makes it a backdoor firm for the railway sector.

It all starts with how companies interlink with the railways sector. As the name suggests, Jupiter Wagons is an Indian private manufacturer of railway wagons, passenger coaches, wagon components and castings headquartered in Kolkata, West Bengal. It manufactures coaches for the Indian Railways and many other private companies.

In India, Jupiter Wagons is the only sectoral player to be accredited by the prestigious American Association of Railways. Along with wagons, the company also manufactures other products. The company’s total product portfolio includes products such as:   It was clear from Budget 2023 announcements, that the government is determined to boost the development of the railway sector.