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JSW Energy rises over 8% in five days

Capital Market 

JSW Energy jumped 8.26% to Rs 76, extending recent gains on strong buying support.

Shares of JSW Energy rallied 14.11% in five trading sessions to its current market price of Rs 76 from a recent closing low of Rs 66.60 on 27 October 2019.

Meanwhile, the S&P BSE Sensex was up 257 points or 0.64% to 40,422.36.

JSW Energy announced Q2 results during trading hours on Friday, 1 November 2019. Consolidated net profit rose 11.7% to Rs 352.98 crore on 12.8% decline in net sales to Rs 2,118.55 crore in Q2 September 2019 over Q2 September 2018.

Consolidated EBITDA climbed 5% to Rs 1,048 crore in Q2 September 2019 compared with Rs 998 crore in Q2 September 2018.

Post result announcement, the stock ended 3.16% higher to close at Rs 70.20 on Friday, 1 November 2019.

JSW Energy is an integrated power company primarily engaged in generation and sale of power. Its business segments include power generation, power transmission, mining, power trading and equipment manufacturing.

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(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Mon, November 04 2019. 11:46 IST