541.9000 -3.60 (-0.66%)
NSE Sep 22, 2025 15:10 PM
Volume: 1.7M
 

541.90
-0.66%
Reliance Securities
Maintain REDUCE on High Exposure to Merchant Biz, Rising Coal Prices JSW Energy (JSWEL) has reported 4.7% YoY growth in revenue to Rs19.9bn in 3QFY18 owing to higher generation (+6.5% YoY) and other income (+74% YoY to Rs0.87bn). Led by higher realisation and other income, JSWEL's PAT zoomed by 181% YoY to Rs506mn compared to Rs180mn in 3QFY17. Proposed foray into electric vehicle business announced during 1QFY18 Conference Call having the least cash inflow visibility may warrant a de-rating of the stock, in our view. Rolling over our estimates to FY20E, we maintain our REDUCE recommendation on the stock with a revised Target Price of Rs74 (from Rs72 earlier)....
Promoters pledged 0.13% of shares in last quarter. Total pledge stands at 11.26% of promoter holdings
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