Buy JSW Energy, target Rs 77: Kunal Bothra

Independent analyst Kunal Bothra has a buy call on JSW Energy Ltd. with a target price of Rs 77. The current market price of JSW Energy Ltd. is Rs 71.6. Time period given by the analyst is Intra Day when JSW Energy Ltd. price can reach the defined target. Kunal Bothra recommended to keep stoploss at Rs 68. JSW Energy Ltd., incorporated in 1994, has a market cap of Rs 11752.87 crore.

JSW Energy Ltd. key Products/Revenue Segments include Power which contributed Rs 3986.43 Crore to Sales Value (94.64 % of Total Sales), Sale of services which contributed Rs 163.24 Crore to Sales Value (3.87 % of Total Sales), Lease Rentals which contributed Rs 59.63 Crore to Sales Value (1.41 % of Total Sales) and Other Operating Revenue which contributed Rs 2.75 Crore to Sales Value (0.06 % of Total Sales)for the year ending 31-Mar-2018.

For the quarter ended 31-03-2019, the company has reported a Consolidated sales of Rs 1924.58 Crore, down -20.53 % from last quarter Sales of Rs 2421.69 Crore and up 8.42 % from last year same quarter Sales of Rs 1775.08 Crore Company has reported net profit after tax of Rs -5.82 Crore in latest quarter. The company’s top management includes Mr.Chandan Bhattacharya, Mr.Jyoti Kumar Agarwal, Mr.Nirmal Kumar Jain, Mr.Prashant Jain, Mr.Rakesh Nath, Mr.Sajjan Jindal, Mr.Sattiraju Seshagiri Rao, Mr.Sharad Mahendra, Mr.Sunil Goyal, Ms.Rupa Devi Singh, Ms.Sheila Sangwan. Company has Deloitte Haskins & Sells LLP as its auditoRs As on 31-03-2019, the company has a total of 1,641,037,587 shares outstanding.