JSW Energy drops on profit taking

JSW Energy lost 2.97% to Rs 57.15 at 15:17 IST on BSE, with the stock sliding on profit booking after recent rally.

Meanwhile, the S&P BSE Sensex was up 90.55 points or 0.41% at 22,185.85.

On BSE, so far 5.62 lakh shares were traded in the counter as against average daily volume of 2.32 lakh shares in the past one quarter.

The stock was volatile. The stock lost as much as 3.39% at the day's low of Rs 56.90 so far during the day. The stock rose as much as 3.65% at the day's high of Rs 61.05 so far during the day. The stock had hit a record low of Rs 33.80 on 6 August 2013. The stock had hit a 52-week high of Rs 69.10 on 3 May 2013.

The stock had outperformed the market over the past one month till 26 March 2014, surging 14.26% compared with the Sensex's 5.28% rise. The scrip had also outperformed the market in past one quarter, jumping 5.08% as against Sensex's 4.84% rise.

The mid-cap company has equity capital of Rs 1640.05 crore. Face value per share is Rs 10.

Shares of JSW Energy had rallied 5.93% in three trading sessions to settle at Rs 58.90 on Wednesday, 26 March 2014, from a recent low of Rs 55.60 on 22 March 2014.

JSW Energy's consolidated net profit fell 34.5% to Rs 203.27 crore on 9.1% decline in net sales to Rs 2116.04 crore in Q3 December 2013 over Q3 December 2012.

JSW Energy is a full-spectrum integrated power company with presence across the power value chain of power generation, power transmission, mining, power plant equipment manufacturing and power trading.

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