SJVN share price: Shares of SJVN Limited are in focus today Thursday. Shares of the company had risen by more than 6.1 percent today to reach an intraday high of Rs 151.60. There is a big reason behind this rise in shares. In fact, state insurer Life Insurance Corporation of India (LIC) has increased its stake in SJVN to 2.26% in the June quarter, from 1.73% in the previous March quarter. According to shareholding data available on BSE, the number of retail shareholders in SJVN Ltd increased to 12 lakh in just three months.
what are the details
Indian mutual funds have also increased their stake. At the end of the June quarter, mutual funds held 1.56% stake in SJVN, up from 1.54% during the March quarter last fiscal. However, the share of foreign portfolio investors is almost stable. The government is still the largest shareholder in SJVN with 81.85% stake.
Big plan of company making charger for electric vehicles, share comes at ₹ 98
condition of shares
On the charts the stock is trading in neither ‘overbought’ nor ‘oversold’ zone with the Relative Strength Index (RSI) at 61.7. An RSI reading above 70 indicates that the stock is in ‘overbought’ territory. The stock’s one-year beta is 1.6, indicating very high volatility over the same period. The counter is also trading above the 5-day, 20-day, 50-day, 100-day, 150-day and 200-day simple moving averages (SMA). Shares of SJVN Ltd. are up about 64% so far in 2024. The government is still the largest shareholder in SJVN with 81.85% stake.
