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SJVN Plunges 3%; BSE POWER Index Down 2.0%
Thu, 18 Jul 11:3

SJVN Plunges 3%; BSE POWER Index Down 2.0%Image source: ipopba/www.istockphoto.com

SJVN share price has plunged 3% and is presently trading at Rs 146.4.

Meanwhile, the BSE POWER index is at 7,897.1 (down 2.0%).

Among the top losers in the BSE POWER index today are ABB (down 5.6%) and Siemens (down 4.9%).

KEC INTERNATIONAL (up 2.9%) and TORRENT POWER (up 1.5%) are among the top gainers today.

Over the last one year, SJVN has moved up from Rs 46.5 to Rs 146.4, registering a gain of Rs 99.9 (up 215.0%).

On the other hand, the BSE POWER index has moved up from 3,983.3 to 7,897.1, registering a gain of 98.3% during the last 12 months.

The top gainers among the BSE POWER index stocks during this same period were BHEL (up 231.0%), ADANI POWER (up 185.4%) and TORRENT POWER (up 157.2%).

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What About the Benchmark Indices?

The BSE Sensex is at 80,747.6 .

The top gainers among the BSE Sensex today are TCS (up 2.1%) and Hindustan Unilever (up 1.7%). The most traded stocks in the BSE Sensex are Tata Steel and SBI.

In the meantime, NSE Nifty is at 24,593.6 (down 0.1%). Bajaj Auto and Coal India are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 66,589.9 to 80,747.6, registering a gain of 14,157.6 points (up 21.3%).

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 62.7.


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