Buy JSW Energy, target price Rs 265: Chandan Taparia

Chandan Taparia of Motilal Oswal Securities has buy call on JSW Energy with a target price of Rs 265. The current market price of JSW Energy Ltd. is Rs 254.

Time period given by analyst is Intra Day when JSW Energy Ltd. price can reach defined target.

JSW Energy Ltd., incorporated in the year 1994, is a Mid Cap company (having a market cap of Rs 40893.16 Crore) operating in Power sector.


Financials
For the quarter ended 30-06-2021, the company reported a Consolidated Total Income of Rs 1859.53 Crore, up 15.21 % from last quarter Total Income of Rs 1614.09 Crore and down -1.44 % from last year same quarter Total Income of Rs 1886.78 Crore. Company reported net profit after tax of Rs 205.42 Crore in latest quarter.

Investment Rationale
Higher lows on weekly frame with higher volumes. Set to move out of narrow range on daily frame.

Promoter/FII Holdings
Promoters held 74.7 per cent stake in the company as of June 30, 2021, while FIIs held 5.9 per cent, DIIs 6.5 per cent and public and other 13 per cent.