Buy SJVN, target price Rs 63: Sharekhan by BNP Paribas

economictimes.indiatimes.com:

SJVN with a target price of Rs 63. The current market price of SJVN is Rs 57.54.

Sharekhan by BNP Paribas recommended to keep stop loss at Rs 55. SJVN, incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 22615.97 Crore) operating in Power sector.

SJVN key Products/Revenue Segments include Power Generation, Other Operating Revenue and Consultancy Income for the year ending 31-Mar-2022.Financials For the quarter ended 30-06-2023, the company has reported a Consolidated Total Income of Rs 744.39 Crore, up 27.73 % from last quarter Total Income of Rs 582.78 Crore and down -30.58 % from last year same quarter Total Income of Rs 1072.23 Crore. Company has reported net profit after tax of Rs 270.71 Crore in latest quarter.Investment Rationale Taken support at the 20-day moving average along with a breakout from the inside bar pattern.Promoter/FII Holdings Promoters held 86.77 per cent stake in the company as of 30-Jun-2023, while FIIs owned 1.4 per cent, DIIs 4.32 per cent.