New Delhi: SJVN is an Indian Public Sector Undertaking (PSU) involved in hydroelectric power generation and transmission. SJVN stock has turned out to be a multibagger in the last one year. The SJVN share price jumped over 13 per cent in the past one month and around 50 per cent in the last six months. The shareholders who have been holding the counter for over a year have gained over 230 per cent.
Commenting on the SJVN share price, Stock Market expert Arun Mantri said that the stock is looking good on the technical charts and is on the verge of breakout from the consolidation range. The price is trading well above the major moving averages and is looking strong to test and cross the psychological resistance of 148-150 in the coming few trading sessions, he said, adding that on the flip side, the support is around 135 for short term trading perspective.
SJVN share price were trading at Rs 139.72 apiece at 12:23 pm on NSE on July 4, 2024.
SJVN financial results
The State-owned company reported over two-fold jump in its consolidated profit during the March quarter of 2023-24. The PSU had registered a consolidated net profit of Rs 17.21 crore in the year-ago period.
In its Q4 Results of 2023-24, the state-run hydropower generating company reported that its Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) slipped by 22.1 per cent year-on-year to Rs 239.7 crore. SJVN mentioned that its revenue for the period declined 4.1 per cent to Rs 482.9 crore, compared to Rs 503.8 crore last year.
SJVN
SJVN Limited is a Mini Ratna, Category-I and Schedule – ‘A’ CPSE under administrative control of the Ministry of Power, Govt. of India. The joint venture of the Indian government and the Government of Himachal Pradesh came into existence on May 24, 1988.
Later, SJVN got listed on the stock market having a shareholders pattern of 55.00 per cent with the Central Government Govt and 26.85 per cent with Himachal Pradesh government and the rest 18.15% lies in the portfolio of the general public.
The present paid up capital and authorized capital of SJVN is Rs. 3,929.80 Crore and Rs. 7,000 Crore respectively. The Net Worth as on 31.03.2023 is Rs.13821.97 Crore.
SJVN has its presence in Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram and Madhya Pradesh and neighboring country of Nepal.
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SJVN share price: SVJN share price has rallied more than 230 per cent in the last one year. market expert Arun Mantri shared his insights on SJVN stock. Markets Business News – Personal Finance News, Share Market News, BSE/NSE News, Stock Exchange News Today
