Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

SJVN Gains 4%; BSE POWER Index Up 0.9%
Wed, 3 Jul 15:26

SJVN Gains 4%; BSE POWER Index Up 0.9%Image source: phive2015/www.istockphoto.com

SJVN share price has zoomed 4% and is presently trading at Rs 136.4.

Meanwhile, the BSE POWER index is at 7,972.2 (up 0.9%).

Among the top gainers in the BSE POWER index today are BHEL (up 5.2%) and NHPC (up 2.4%).

ADANI GREEN ENERGY (down 0.1%) is among the top losers today.

Over the last one year, SJVN has moved up from Rs 42.4 to Rs 136.4, registering a gain of Rs 94.0 (up 221.7%).

On the other hand, the BSE POWER index has moved up from 4,005.2 to 7,972.2, registering a gain of 99.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 253.9%), ADANI POWER (up 187.7%) and TORRENT POWER (up 146.5%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 80,010.5 (up 0.7%).

The top gainers among the BSE Sensex today are MUNDRA PORT & SEZ (up 2.6%) and Kotak Bank (up 2.4%). The most traded stocks in the BSE Sensex are SBI and Tata Steel.

In the meantime, NSE Nifty is at 24,295.6 (up 0.7%). Tata Consumer Products and Kotak Bank are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,205.1 to 80,010.5, registering a gain of 14,805.4 points (up 22.7%).

SJVN Financial Update...

SJVN net profit fell 50.1% YoY to Rs 733 million for the quarter ended March 2024, compared to a profit of Rs 1,469 million a year ago. Net sales declined 4.1% to Rs 4,829 million during the period as against Rs 5,038 million in January-March 2023.

For the year ended March 2023, SJVN reported 37.3% increase in net profit to Rs 13,593 million compared to net profit of Rs 9,898 million during FY22. Revenue of the company grew 21.6% to Rs 29,384 million during FY23.

The current Price to earnings ratio of SJVN, based on rolling 12 month earnings, stands at 58.4.


Equitymaster requests your view! Post a comment on "SJVN Gains 4%; BSE POWER Index Up 0.9%". Click here!