SJVN Share Price Today: Shares of state-run hydropower company SJVN were in focus during trading today on Thursday. A big fall was recorded in the company’s shares today. SJVN shares fell 5% today to close at Rs 133.50. This decline in shares has been seen after the March quarter figures.
march quarter results
Public sector company SJVN’s consolidated profit for the fourth quarter of the last financial year ended in March has more than doubled to Rs 61.08 crore. The company’s profit has increased due to extraordinary income. The company gave this information in the information sent to BSE. The company had posted a consolidated net profit of Rs 17.21 crore in the same quarter a year ago.
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The company’s financial results have shown an extraordinary profit of Rs 103.84 crore during the quarter. However, the company’s total income declined to Rs 573.23 crore from Rs 582.78 crore in the same period a year ago. The company’s consolidated net profit for the full financial year 2023-24 declined to Rs 911.44 crore from Rs 1,359.30 crore a year ago. The total income in the financial year 2022-23 also declined from Rs 3,282.50 crore to Rs 2,876.96 crore.
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What is the brokerage’s opinion?
According to Mandar Bhojne, Equity Research Analyst, Choice Broking, profit booking is taking place in SJVN. Bhojne said, “SJVN is trading above key exponential moving averages (EMAs), including the 50-day, 100-day and 200-day EMAs. This indicates strong bullish momentum, which could potentially The Relative Strength Index (RSI) is at 48.8, indicating an upward trend. The analyst has set the target price for SJVN at Rs 180 and recommended stop loss at Rs 125.