SJVN drops after reporting disappointing Q4 results

SJVN dropped 3.65% to Rs 27.70 at 14:50 IST on BSE after net profit dropped 20.31% to Rs 147.48 crore on 43.94% drop in total income to Rs 337.43 crore in Q4 March 2016 over Q4 March 2015.

The result was announced during market hours today, 27 May 2016.

Meanwhile, the BSE Sensex was up 286.69 points, or 1.09%, to 26,640.61.

On BSE, so far 98,592 shares were traded in the counter, compared with an average volume of 55,683 shares in the past one quarter. The stock hit a high of Rs 28.90 and a low of Rs 27.50 so far during the day. The stock hit a record high of Rs 34.45 on 7 January 2016. The stock hit a 52-week low of Rs 22.10 on 25 August 2015. The stock had underperformed the market over the past one month till 26 May 2016, falling 2.54% compared with Sensex's 1.38% rise. The scrip had also underperformed the market in past one quarter, gaining 0.88% as against Sensex's 13.87% rise.

The large-cap company has an equity capital of Rs 4136.63 crore. Face value per share is Rs 10.

SJVN, a power company is a Mini Ratna & Schedule 'A' CPSU under the Ministry of Power, Government of India. It is a joint venture between the Govt. of India & Government of Himachal Pradesh.

As per the shareholding pattern, Government of India holds 64.46% stake in the firm as at 31 March 2016.

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