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JSW Energy surges on bargain hunting

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Capital Market

JSW Energy jumped 6.17% to Rs 76.55 at 15:26 IST on BSE, with the stock recovering on bargain hunting after recent slide.

Meanwhile, the S&P BSE Sensex was up 352.30 points or 1.41% at 25,383.62.

On BSE, so far 5.04 lakh shares were traded in the counter as against average daily volume of 6.11 lakh shares in the past one quarter.

The stock hit a high of Rs 76.60 and a low of Rs 72.50 so far during the day. The stock had hit a 52-week high of Rs 85.75 on 26 May 2014. The stock had hit a record low of Rs 33.80 on 6 August 2013.

 

The stock had underperformed the market over the past one month till 23 June 2014, sliding 5.57% compared with Sensex's 1.37% rise. The scrip had, however, outperformed the market in past one quarter, jumping 29.68% as against Sensex's 15.06% rise.

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

Shares of JSW Energy had declined 6.9% in four trading sessions to settle at Rs 72.10 on Monday, 23 June 2014, from a recent high of Rs 77.45 on 17 June 2014.

JSW Energy's consolidated net profit fell 48% to Rs 174.62 crore on 10.6% decline in net sales to Rs 2018.49 crore in Q4 March 2014 over Q4 March 2013.

JSW Energy is an integrated power generation company.

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First Published: Jun 24 2014 | 3:25 PM IST

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