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SJVN Plunges 4%; BSE POWER Index Down 1.1%
Mon, 9 Sep 9:32

SJVN Plunges 4%; BSE POWER Index Down 1.1%Image source: ipopba/www.istockphoto.com

SJVN share price has plunged 4% and is presently trading at Rs 126.7.

Meanwhile, the BSE POWER index is at 7,899.7 (down 1.1%).

Among the top losers in the BSE POWER index today are KEC INTERNATIONAL (down 2.0%) and NHPC (down 1.5%).

INDIAN ENERGY EXCHANGE (up 1.4%) and TORRENT POWER (up 0.4%) are among the top gainers today.

Over the last one year, SJVN has moved up from Rs 64.0 to Rs 126.7, registering a gain of Rs 62.6 (up 97.8%).

On the other hand, the BSE POWER index has moved up from 4,549.6 to 7,899.7, registering a gain of 73.6% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were TORRENT POWER (up 142.1%), ADANI GREEN ENERGY (up 91.9%) and BHEL (up 89.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 81,069.6 (down 0.1%).

The top losers among the BSE Sensex today are Tata Steel (down 1.5%) and Power Grid Corp. (down 1.4%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,755.7 (down 0.4%). ONGC and MUNDRA PORT & SEZ are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,780.3 to 81,069.6, registering a gain of 15,289.3 points (up 23.2%).

SJVN Financial Update...

SJVN net profit grew 30.0% YoY to Rs 3,774 million for the quarter ended June 2024, compared to a profit of Rs 2,903 million a year ago. Net sales rose 29.0% to Rs 8,704 million during the period as against Rs 6,748 million in April-June 2023.

For the year ended March 2024, SJVN reported 32.9% decrease in net profit to Rs 9,114 million compared to net profit of Rs 13,593 million during FY23. Revenue of the company fell 12.2% to Rs 25,794 million during FY24.

The current Price to earnings ratio of SJVN, based on rolling 12 month earnings, stands at 49.6.


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