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HomeSHARE MARKET₹121 Power Stock: Note Target, Stoploss; Jumped 300%; Huge Earnings In 3...

₹121 Power Stock: Note Target, Stoploss; Jumped 300%; Huge Earnings In 3 Months

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Power PSU Stocks: The power sector’s multibagger government stock SJVN Ltd (NSE: SJVN) looks better in the short term. Brokerage house HDFC Securities has advised buying on this stock. 

Have a view of up to 3 months in stock. This stock, which has jumped nearly 300 percent in a year, is ready for a new rally. 

This stock has been consolidating for the last few sessions and the positive momentum is expected to continue ahead of the breakout on the daily timeframe.

SJVN: What Are The Targets?

HDFC Securities says, power PSU share SJVN has to be bought at the current price. If the stock comes at the level of 120 then averaging can be done in it.

The stock may show further upside up to Rs 137 and Rs 150. Stoploss has to be kept at Rs 117 in the share.

SJVN’s return in the last year is 295 percent. Whereas the stock has jumped 68 percent in 6 months, 33 percent in 3 months, and 30 percent so far this year.

SJVN: What Is The Brokerage’s Opinion?

The brokerage says that a bullish pattern is present on both daily and weekly charts. Apart from this, the stock has got support at 21 EMA and the share has bounced back from here. 

This is a positive outlook for the performance of the stock. At the same time, the point and figure chart shows a double-top buy pattern which is a bullish trend. 

This is a bullish case for SJVN. Overall, based on technical data, there is a buying opportunity in this stock.

About SJVN Ltd Company 

SJVN Ltd. (Satluj Jal Vidyut Nigam Limited) was established on May 24, 1988, by way of a joint venture between the Government of Himachal Pradesh and the Government of India. 

It’s involved in the generation and selling power to plan, research, and organize, then execute and run. 

It manages Hydroelectric power projects as well as ventures in Thermal and Wind Power Generation. 

The business is located in Himachal Pradesh. It has projects in the states of Uttrakhand, Bihar, Rajasthan, and Arunachal Pradesh, as well as in Nepal and Bhutan. 

Its operations are focused on projects that include the production of thermal energy, solar power, wind power, and transmission of power.

Fundamental Analysis of SJVN Ltd

Market Cap₹ 47,688 Cr.
Current Price₹ 121.60
52-wk High₹ 170 
52-wk Low₹ 32.4
Stock P/E53.4
Book Value₹ 36.5
Dividend1.46 %
ROCE9.27 %
ROE10.3 %
Face Value₹ 10.0
P/B Value3.33
OPM66.8 %
EPS₹ 2.21
Debt₹ 17,058 Cr.
Debt to Equity1.19

SJVN Share Price Target 2024 To 2030

Year1st Target2nd Target
2024₹ 126₹ 162
2025₹ 165₹ 194
2026₹ 200₹ 212
2027₹ 215₹ 245
2028₹ 300₹ 315
2029₹ 385₹ 400
2030₹ 415₹ 442
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SJVN Ltd Shareholding Pattern

Promoters Holding
Dec 202286.77%
Mar 202386.77%
June 202386.77%
Sept 202381.85%
Dec 202381.85%
FII Holding
Dec 20222.31%
Mar 20231.75%
June 20231.40%
Sept 20230.91%
Dec 20231.68%
DII
Dec 20223.81%
Mar 20234.06%
June 20234.32%
Sept 20235.74%
Dec 20235.97%
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Public Holding
Dec 20227.11%
Mar 20237.41%
June 20237.50%
Sept 202311.51%
Dec 202310.51%

SJVN Ltd Share: Last 5 Years’ Financial Condition

To better understand how the market is performing, let’s look at the outlook of this share in the previous years. 

However, investors should be aware of the risks and the market conditions before making any investment decision.

Last 5 Years’ Sales:

2019₹ 2,645 Cr
2020₹ 2,703 Cr
2021₹ 2,485 Cr
2022₹ 2,417 Cr
2023₹ 2,600 Cr

Last 5 Years’ Net Profit:

2019₹ 1,367 Cr
2020₹ 1,567 Cr
2021₹ 1,646 Cr
2022₹ 990 Cr
2023₹ 868 Cr
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Last 5 Years’ Debt-To-Equity Ratio:

20190.17
20200.16
20210.15
20220.52
20231.01

Last 10 Years’ Profit Growth:

10 Years:3%
5 Years:3%
3 Years:-1%
Current Year:-34%

Last 10 years’ Return on Equity (ROE):

10 Years:12%
5 Years:12%
3 Years:11%
Last Year:10%

Sales Growth Over 10 Years:

10 Years:6%
5 Years:6%
3 Years:3%
Current Year:-6%

Conclusion

This article is a complete guide about SJVN Ltd Share. This information and forecasts are based on our research, company fundamentals, history, experiences, and technical analyses. 

Also, We have discussed the share’s prospects and growth potential in detail.

This information will help you in your further investment. 

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