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SJVN Gains 6%; BSE POWER Index Down 0.4%
Thu, 11 Jul 15:28

SJVN Gains 6%; BSE POWER Index Down 0.4%Image source: asbe/www.istockphoto.com

SJVN share price has zoomed 6% and is presently trading at Rs 150.7.

Meanwhile, the BSE POWER index is at 8,107.6 (down 0.4%).

Among the top gainers in the BSE POWER index today are NHPC (up 5.0%) and BHEL (up 1.5%).

Thermax (down 1.5%) and NTPC (down 1.1%) are among the top losers today.

Over the last one year, SJVN has moved up from Rs 47.0 to Rs 150.7, registering a gain of Rs 103.7 (up 220.6%).

On the other hand, the BSE POWER index has moved up from 4,013.9 to 8,107.6, registering a gain of 102.0% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 264.9%), ADANI POWER (up 197.4%) and NHPC (up 148.5%).

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What About the Benchmark Indices?

The BSE Sensex is at 79,942.8 .

The top gainers among the BSE Sensex today are ITC (up 1.7%) and Tata Motors (up 1.6%). The most traded stocks in the BSE Sensex are Tata Steel and HDFC Bank.

In the meantime, NSE Nifty is at 24,344.7 (up 0.1%). ONGC and Coal India are among the top gainers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,344.2 to 79,942.8, registering a gain of 14,598.6 points (up 22.3%).

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 64.6.


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