Buy SJVN, target price Rs 152: Prabhudas Lilladher

Prabhudas Lilladher has buy call on SJVN with a target price of Rs 152. The current market price of SJVN Ltd. is Rs 124.3.

SJVN Ltd., incorporated in the year 1988, is a Mid Cap company (having a market cap of Rs 48808.06 Crore) operating in Power sector.

SJVN Ltd. key Products/Revenue Segments include Power Generation, Other Operating Revenue and Consultancy Income for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-12-2023, the company reported a Consolidated Total Income of Rs 607.72 Crore, down -36.14 % from last quarter Total Income of Rs 951.62 Crore and down -14.55 % from last year same quarter Total Income of Rs 711.24 Crore. Company reported net profit after tax of Rs 137.91 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 81.85 per cent stake in the company as of 31-Mar-2024, while FIIs owned 2.36 per cent, DIIs 3.36 per cent.