Multibagger PSU stock SJVN slips over 5.80% after firm repots weak Q4 results; brokerage maintains 'sell' rating

SJVN Share Price: SJVN slipped over 5.80 per cent on BSE on Thursday (May 30, 2024) after the mutilbagger PSU reported operationally weak fourth-quarter (January-March quarter, Q4) results a day ago.

The stock that closed trading at Rs 139.65 a day ago slid by 5.83 per cent to Thursday's low of Rs 131.50 after starting the trading session at Rs 133.25.

SJVN shares closed the trading session lower by 4.40 per cent, or Rs 6.15, at Rs 133.50 each on Thursday.

The PSU that is into hydroelectric power generation and transmission reported a 4.20 per cent decline in its revenue, while its profit after tax was up by 3.6 times due to exceptional gain. 

The PSU's margin was at 49.60 per cent in the current quarter compared to 61.30 per cent.

Goldman Sachs on SJVN (CMP 140)

Goldman Sachs has maintained its 'sell' rating on SJVN, raising the share price target to Rs 75 from Rs 73.

SJVN share performance 

SJVN shares have soared by 57.48 per cent in the six-month period, while they have risen by 273.46 per cent in the one year.