Multibagger JSW Energy share price rises 7%. Should you Buy, Sell or Hold the stock?
JSW Energy Share price saw sharp rise of almost 8% during the intraday trades on Thursday . JSW Energy Share price however ended the day with gains of 7.03% and is up 116% in a year and almost 750% in 5 years. The rising capacities.
increasing renewable portfolio and strong power demand in the country remain favorable , leading to gains for JSW Energy share price. The Q4 performance. also reflected the same.
The net generational 4QFY24 at 6,397 Million unit was up 26% YoY driven by the higher thermal generation and contribution from acquired as well ass greenfield renewable Energy (RE) capacities. Merchant generation stood at 1008 mu and 629 mu during 4QFY24 and 4QFY23 respectively. Also Read- Midcap stock Jupiter Wagons jumps to all-time high, quadruples money in 1 year. Time to sell? The earnings Before interest tax depreciation and amortisation (Ebitda) in the March quarter surged 47% yoy to ₹1,292 Crore resulting in 29% YoY increase in net profit to ₹351 Crore JSW Energy has won Renewable Energy bids with a cumulative capacity of 3.4 Giga Watt in the quarter adding to its generation Projects.
Of these iIt won Solar bids worth 2.4 GW, which included 700 MW each from SJVN, NTPC Limited and South Eastern Coalfields Limited . It won 300 MW from Gujarat Urja Vikas Nigam Wind projects worth 1.0 Giga Watt were won from South Eastern Coalfields Limited under Tranche XVI Also Read-Hindustan Zinc stock soars 11% to new high as board approves 500% interim dividend Among acquisitions, an execution of Business Transfer Agreement for 45 MW Vashpet Wind projects was completed , for which transaction has also completed in April-2024). Analysts at JM Financial Institutional Securities said that JSW Energy added and secured greenfield
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