Espresso shot of the day – JSW Energy Ltd up by 7.49 percent

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Espresso shot of the day – JSW Energy Ltd up by 7.49 percent

June 16, 2021
Espresso shot of the day – JSW Energy Ltd up by 7.49 percent

JSW ENERGY LTD 165.00 (+7.49%) BSE – INE121E01018 | 16TH JUNE 2021

As one of India’s leading power companies, they are a mix of the best practices, be it structured planning, cutting-edge operations or social, economic and environmental benefits. They currently generate 4,559 MW, out of which 3158 MW is thermal power,1391 MW is hydropower and 10 MW solar power. They are present across several Indian states and have stakes in natural resource companies in South Africa. This diversity in geographic locations, fuel sources and power off-take arrangements, helps them de-risk their business. As part of its vision to become a full-spectrum power company, JSW Energy launched JSW Power Trading Company Ltd. (JSWPTC) in 2006. JSWPTC has obtained a category "I" license to trade in power, which is the highest Power Trading license issued by Central Electricity Regulatory Commission to trade in power across India. Today, it is one of the leading power trading companies in India.

Recent Drivers

  • On June 10, 2021, India Ratings and Research (Ind-Ra) have assigned a rating of IND AA/Stable on the Long Term facility and Fund based Working Capital facility of the Company’s subsidiary, Jaigad PowerTransco Limited.
  • On May 24, 2021, Company allotted 4,99,120 equity shares to the JSW Energy Employees ESOP Trust pursuant to the JSW Employees Stock Ownership Plan 2016.
  • On May 4, 2021, JSW Hydro Energy Limited, a wholly owned subsidiary of JSW Energy Limited, raised US$ 707 million by allotment of US$ denominated senior secured notes pursuant to Rule 144A of the U.S. Securities Act, 1933, as amended, and applicable Indian regulations.
  • On May 3, 2021, Company signed a power purchase agreement with the Solar Energy Corporation of India or SECI for 540 megawatt (MW) of wind-based electricity.
  • JSW Energy reported quarterly net profit at Rs. 123.53 crore in December 2020.
  • JSW Energy reported net sales at Rs 1,608.86 crore in December 2020.
 (Sources: Moneycontrol, NDTV Profit, BSEIndia)

Technical Force*

  • S&P BSE200 month till date gain up by 1.89%
  • Traded on all time high value of 168.25
  • 3 months avg. volume of BSE: 5,82,990
  • Quantity traded: 10,22,835 | Deliverable quantity: 6,54,526 (63.99%)
  • Stock price has jumped more than 285 % from one year low level: 43.00 (July 16, 2021)
  • Daily RSI (14) is in Overbought territory today
  • 52-week-high: 168.25 | 52-week-low: 43.00

Key Pivot  (Yearly)

R4

R3

R2

R1

PP /FIB PP

S1

S2

S3

S4

Pivot Point

-

121.23

97.32

82.58

58.67

43.93

20.02

5.28

-

Fibonacci Pivot

97.32

82.55

73.43

67.56

58.67

49.78

43.90

34.78

20.02


Today’s Close

165.00

SMA

BSE

10 DAY

147.80

20 DAY

133.43

50 DAY

116.73

200 DAY

80.05

Some Key Ratios (Source: BSE)

Market Cap: 27,114.21 crores

PE: 139.88

OPM%: 21.34

ROE%: 1.88

Promoters holding%: 74.68

Prev. Close: 153.50

*Chart And Technical Force data taken from the Binge desktop app.

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Chandresh Khona
by Chandresh Khona

Product Offerings Head

A teacher, writer, travel buff and now Espresso's Product Offerings Head. Ten years here has allowed me to lead the digital team at Sharekhan. My true passion lies in stock market charts.