Why Goldman Sachs remains bearish on SJVN

Sandeep Singh

Aug 21,2024

Why Goldman Sachs remains bearish on SJVN

Do you have SJVN shares in your portfolio? Here's how Goldman Sachs analysts view the stock now. 

Goldman Sachs maintains 'sell'

However, the brokerage has raised its target for the SJVN stock to Rs 85 from Rs 75. 

Goldman Sachs maintains 'sell' on SJVN

SVJN has announced that its 1320 MW Buxar thermal power plant has been delayed further.

SVJN 

The company expects Unit 1 to be commissioned by end-FY25 and Unit 2 in FY26. 

SJVN valuation

According to Goldman Sachs, at a price to book value multiple of 3.2 times, the risk reward offered by SJVN shares appears to be unfavourable.

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