CALCULATE YOUR SIP RETURNS

SJVN Share Price Slipped 2% Intraday: Breaking Two Days Gaining Streak

Updated on: Jan 2, 2025, 3:23 PM IST
SJVN share price slipped ~2% after gaining 8% in the previous trading session on signing an MoU with the Bihar Government
SJVN Share Price Slipped 2% Intraday: Breaking Two Days Gaining Streak
ShareShare on 1Share on 2Share on 3Share on 4Share on 5

On January 2, 2025, SJVN share price fell by approximately 2%, reaching a low of ₹108.30 at 10:15 AM, after opening at ₹111.45. This decline in SJVN share price followed an 8% increase on January 1, 2025, when the company announced its MoU with the Bihar Government for the development of the 1,000 MW Hathidah Durgawati Pumped Storage Project (PSP) and other PSPs in Bihar.

Project Details

The project involves plans for the development of the 1,000 MW Hathidah Durgawati Pumped Storage Project and additional PSPs in Bihar. The project’s estimated total cost is ₹5,663 crore, with a levelised tariff of ₹9.39 per kWh, based on a pumping energy rate of ₹3 per kWh using February 2024 price levels.

SJVN Q2 FY25 Results

In Q2 FY25, SJVN reported significant growth in both revenue and profit compared to the same period last year. The company’s revenue increased by 16.84%, while profit showed a modest year-on-year rise of 1.27%. Compared to the previous quarter, SJVN demonstrated strong growth, with revenue rising by 17.91% and profit increasing by 13.88%. This reflects the company’s solid operational performance.

 

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions.

Investments in securities market are subject to market risks, read all the related documents carefully before investing.

Published on: Jan 2, 2025, 10:36 AM IST

We're Live on WhatsApp! Join our channel for market insights & updates

Open Free Demat Account!

Join our 2.5 Cr+ happy customers

+91
Enjoy Zero Brokerage on Equity Delivery
4.4 Cr+DOWNLOADS
Enjoy ₹0 Account Opening Charges

Get the link to download the App

Get it on Google PlayDownload on the App Store
Open Free Demat Account!
Join our 2.5 Cr+ happy customers