SJVN Ltd gained for a fifth straight session today. The stock is quoting at Rs 101.38, up 0.62% on the day as on 12:44 IST on the NSE. The benchmark NIFTY is up around 0.58% on the day, quoting at 23337.8. The Sensex is at 77167.78, up 0.72%. SJVN Ltd has slipped around 7.64% in last one month. Meanwhile, Nifty Energy index of which SJVN Ltd is a constituent, has slipped around 0.74% in last one month and is currently quoting at 34686.1, up 0.58% on the day. The volume in the stock stood at 40.09 lakh shares today, compared to the daily average of 111.51 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 100.97, up 0.64% on the day. SJVN Ltd is down 2.43% in last one year as compared to a 9.88% spurt in NIFTY and a 1.64% spurt in the Nifty Energy index.The PE of the stock is 42.87 based on TTM earnings ending September 24.Powered by Capital Market - Live

SJVN Ltd gained for a third straight session today. The stock is quoting at Rs 97.35, up 2.77% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.44% on the day, quoting at 23314.5. The Sensex is at 77055.77, up 0.43%. SJVN Ltd has slipped around 17.52% in last one month. Meanwhile, Nifty Energy index of which SJVN Ltd is a constituent, has slipped around 5.92% in last one month and is currently quoting at 33821.2, up 1.18% on the day. The volume in the stock stood at 48.65 lakh shares today, compared to the daily average of 102.79 lakh shares in last one month. The benchmark January futures contract for the stock is quoting at Rs 96.61, up 2.31% on the day. SJVN Ltd is down 3.99% in last one year as compared to a 8.08% spurt in NIFTY and a 1.81% spurt in the Nifty Energy index.The PE of the stock is 40.32 based on TTM earnings ending September 24.Powered by Capital Market - Live

The PSPs development in the state of Bihar will create direct and indirect employment for 5000 persons and investment of about Rs 10,000 crore. The proposed river in Durgawati district, Kaimur, Bihar, the Hathidah Durgawati PSP, with an installed capacity of 1,000 MW (4x250 MW), is designed to generate a daily peak energy of 6.325 million units (MU) and an annual peak energy of 2,308.65 MU, it added. The estimated project cost is Rs 5,663 crore, with a levelized tariff of Rs 9.39 per kWh (assuming a pumping energy rate of Rs 3 per kWh) based on February 2024 price levels. Earlier in August 2022, the Ministry of Power, Government of India, appointed SJVN as the nodal agency for developing pumped storage projects (PSPs) in Bihar. Following this, the Secretary (Energy), Government of Bihar, allotted four PSPs to SJVN on August 22, 2022, named as Telharkund PSP (400 MW), Sinafdar PSP (345 MW), Panchgotia PSP (225 MW), and Hathidah Durgawati PSP (1600 MW). After conducting ranking studies of these projects, SJVN prepared a feasibility study report (FSR) for the most viable project, Hathidah Durgawati PSP, with a proposed capacity of 1000 MW. SJVN is principally engaged in electricity generation. The company is also engaged in the business of providing consultancy. The company reported 23.53% rise in consolidated net profit to Rs 441.14 crore in Q2 FY25 as against Rs 357.09 crore posted in Q1 FY25. Revenue from operations jumped 17.90% to Rs 1,026.25 crore in the second quarter of FY24 as against Rs 870.37 crore posted in Q1 FY25.Powered by Capital Market - Live

SJVN announced that Raj Kumar Chaudhary (DIN: 10198931), CMD, NHPC, has assumed charge of the Chairman and Managing Director, SJVN with effect from 28 November 2024. Consequent to the above, Sushil Sharma (DIN: 08776440), Director (Projects), SJVN ceases to hold the additional charge of the post of CMD, SJVN. Powered by Capital Market - Live

Under the MoU, the company would develop 5 GW pumped storage projects and 2 GW floating solar projects in the state. Both the parties have agreed to collaborate for development of renewable energy on long term basis. SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy. The company reported 23.53% rise in consolidated net profit to Rs 441.14 crore in Q2 FY25 as against Rs 357.09 crore posted in Q1 FY25. Revenue from operations jumped 17.90% to Rs 1,026.25 crore in the second quarter of FY24 as against Rs 870.37 crore posted in Q1 FY25 The counter declined 1.85% to settle at Rs 103.50 on Thursday, 21 November 2024.Powered by Capital Market - Live

Net profit of SJVN rose 0.34% to Rs 441.14 crore in the quarter ended September 2024 as against Rs 439.64 crore during the previous quarter ended September 2023. Sales rose 16.84% to Rs 1026.25 crore in the quarter ended September 2024 as against Rs 878.36 crore during the previous quarter ended September 2023. ParticularsQuarter EndedSep. 2024Sep. 2023% Var. Sales1026.25878.36 17 OPM %80.7280.40 - PBDT722.49670.71 8 PBT589.69568.83 4 NP441.14439.64 0 Powered by Capital Market - Live

Revenue from operations jumped 17.90% to Rs 1,026.25 crore in the second quarter of FY24 as against Rs 870.37 crore posted in Q1 FY25. On year on year basis, the company in Q2 FY25 recorded marginally higher net profit compared to Rs 439.64 crore in Q2 FY24. Revenue gained 16.83% YoY in Q2 FY25 from Rs 878.36 crore posted in Q2 FY24. Profit before tax was at Rs 580.57 crore in the second quarter of FY25, up 4.68% as against Rs 554.57 crore posted in Q2 FY24. Total expenses ralllied 32.61% year on year to Rs 528.88 crore in the quarter ended 30 September 2024. Employee benefit expenses stood at Rs 72.48 crore (up 14.52% YoY) and finance cost stood at Rs 198.23 crore (up 59.66% YoY) during the period under review. On half year basis, the company's net profit rose 12.03% to Rs 796.99 crore on 22.14% increased in revenue from operations to Rs 1,896.62 crore in H1 FY25 over H1 FY24. SJVN is engaged principally engaged in electricity generation. The company is also engaged in the business of providing consultancy.Powered by Capital Market - Live

SJVN has revised the meeting of the Board of Directors which was scheduled to be held on 7 November 2024. The meeting will now be held on 5 November 2024.Powered by Capital Market - Live

SJVN will hold a meeting of the Board of Directors of the Company on 7 November 2024.Powered by Capital Market - Live

The domestic equity benchmarks reversed all gains and traded with minor losses in afternoon trade. The Nifty traded below the 26,200 level after hitting the day's high of 26,277.35 in mid-morning trade. Oil & gas, metal and pharma shares advanced while realty, media and bank shares declined. At 13:30 IST, the barometer index, the S&P BSE Sensex declined 232.68 points or 0.27% to 85,605.23. The Nifty 50 index fell 31.80 points or 0.12% to 26,184.25. The Sensex and Nifty clocked an all-time high of 85,978.25 and 26,277.35, respectively in mid-morning trade. In the broader market, the S&P BSE Mid-Cap index rose 0.04% and the S&P BSE Small-Cap index added 0.06%. The market breadth was Positive. On the BSE, 2,070 shares rose and 1,778 shares fell. A total of 128 shares were unchanged. Gainers & Losers: Bharat Petroleum Corporation (BPCL) (up 6.55%), Sun Pharmaceutical Industries (up 2.54%), Cipla (up 2.42%), Hindalco Industries (up 1.83%) and HCL Technologies (up 1.81%) were major Nifty gainers. Power Grid Corporation of India (down 3.06%), Bharti Airtel (down 2.36%), Hero Motocorp (down 1.57%), Larsen Toubro (down 1.54%) and HDFC Bank (down 1.44%) were major Nifty losers. Stocks in Spotlight: SJVN advanced 5.34% after the company said that it has signed two memorandums of understandings (MoUs) with Government of Maharashtra for development of pumped storage projects (PSP) and floating solar projects in Maharashtra. The total estimated investment on these projects will be to the tune of Rs 48,000 crore. PC Jeweller hits upper circuit of 5% after the Bank of India submitted its approval to the One Time Settlement (OTS) proposal submitted by the company to settle the outstanding dues. RailTel Corporation of India added 1.86% after the company announced that it has received the work order from Rural Development Department, Mantralaya, Maharashtra, amounting to Rs 155.71 crore. Rites fell 1.78%. The company informed that its consortium has been declared as lowest bidder (L-1) for retrofit work in RS-1 trains of Delhi Metro Rail Corporation (DMRC). The estimated value of the bid is approximately Rs 87.58 crore including GST, wherein, the company's share in said project is 49%, amounting to around Rs 42.91 crore. Bondada Engineering added 3.72% after the company has received an order from KPI Green Energy for supply of material for solar power generation plant. The project is valued at Rs 467.99 crore and is expected to be completed within 12 months from the date of receipt of the purchase order (PO). Biocon fell 0.59%. The company said that it has signed a licensing and supply agreement with Tabuk Pharmaceutical Manufacturing Company to commercialize its GLP-1 products for treating diabetes and chronic weight management, in select countries of the Middle East. Rail Vikas Nigam (RVNL) rose 0.80%. The company announced that it has signed memorandum of understanding (MoU) with Engineers India (EIL) to explore global business opportunities. Indian Bank rose 0.18%. The bank said that its board, at the meeting held on Thursday (26 September 2024) has approved for raising additional long term infrastructure bonds aggregating up to Rs 5000 crore, in one or more tranches. The fund raising would be over and above Rs 5000 crore already raised by the bank in current FY 2024-25. Global Markets: European market traded higher as France showed the country's harmonized inflation rate fell sharply in September. Harmonized consumer prices came in at 1.5% in September, down from 2.2% in August, according to the French statistics office Insee. This month's figure is below the European Central Bank's 2% inflation target. Most of the Asian stocks traded higher on Friday as Tokyo's inflation rate for September eased to 2.2% from 2.6%, while core inflation rate came in at 2%, declining from 2.4% in August. China's central bank cut its 7-day reverse repurchase rate to 1.5% from 1.7%, as well as lowered the reserve requirement ratio for banks by 50 basis points. China's industrial profit data for August saw a 17.8% plunge year on year, following a 4.1% year-on-year increase in July. The People's Bank of China unveiled one of its most aggressive policy packages in years on Tuesday, aimed at boosting the slowing economy and restoring investor confidence. US stocks surged on Thursday, with the S&P 500 reaching a new all-time high. Investors welcomed positive economic data and Micron's strong earnings report. The Dow Jones Industrial Average gained 0.62%, the S&P 500 rose 0.4%, and the tech-heavy Nasdaq Composite increased 0.6%. Micron's shares soared, driving gains in the broader chip sector. The US economy grew at a 3% annual rate in the second quarter, driven by consumer spending, inventory investment, and business investment. Additionally, weekly jobless claims fell to the lowest level since mid-May, indicating a strong labor market. Micron Technology's shares jumped 17.3% after the company forecast higher-than-expected revenue for the upcoming quarter due to strong demand for memory chips. Powered by Capital Market - Live