Trending stocks: JSW Energy shares gain 1% in early trade

NEW DELHI: Shares of JSW Energy traded 0.61 per cent up in Thursday's trade at 10:27AM (IST). Around 116,187 shares changed hands on the counter.

The counter opened at Rs 42.0 and touched an intraday high and low of Rs 42.0 and Rs 40.7, respectively, in the session so far. The stock of JSW Energy Ltd. quoted a 52-week high of Rs 80.0 and a 52-week low of Rs 34.75.

Total market cap of the JSW Energy Ltd. stood at Rs 6725.46 crore at the time of writing this report.


JSW Energy has put on hold its plan to acquire GMR Kamalanga Energy three months after announcing the deal, citing uncertainties in the wake of the Covid-19 pandemic and subsequent lockdown.

Key Financials
The company reported consolidated sales of Rs 1793.41 crore for the quarter ended 31-Mar-2020, down 7.96 per cent from previous quarter's Rs 1948.58 crore and down 6.82 per cent from the year-ago quarter's Rs 1924.58 crore.

The net profit for latest quarter stood at Rs 108.44 crore, up 2702.07 per cent from the corresponding quarter last year.

Shareholding pattern
As of 31-Mar-2020, DIIs held 3.94 per cent stake in the firm, while foreign institutional investors held 7.49 per cent and the promoters 74.89 per cent.


Valuation ratio
According to BSE data, the stock traded at a price-to-earnings multiple of 6.11 and a price-to-book ratio of 0.57. A higher P/E ratio shows investors are willing to pay a higher price because of better future growth expectations. Price-to-book value indicates the inherent value of a company and is the measure of the price that investors are ready to pay even for no growth in the business.

JSW Energy Ltd. belongs to the Power Generation - Thermal industry.