JSW Energy shares are trading 42% lower than their all-time high of Rs 809.
JSW Energy shares rose as high as 3.3 percent to Rs 484 in early trade on February 21, extending gains for the fourth day in a row, as international brokerage Morgan Stanley maintained its ‘overweight’ rating on the company and set a price objective of Rs 545.
JSW Energy Shares Gain 3% as Morgan Stanley Maintains ‘Overweight’ Rating, Predicts 16% Upside
The analysts’ price objective suggests a 16.5 percent increase from the previous closing of Rs 468 on the National Stock Exchange (NSE). JSW Energy’s stock price has had a terrible start to the year, down 27 percent from the beginning of 2025.
The experts are optimistic about its well-integrated business strategy and strong position in India’s energy transformation and security. The corporation is increasing its green energy business, investing in storage assets, and expanding its thermal division through acquisitions. It has increased its market share through recent competitive tariff bids. Morgan Stanley predicts a 24% EBITDA CAGR for FY24-28, with renewable energy EBITDA growing at a 52% CAGR.
JSW Energy, a private power producer and subsidiary of the JSW Group, reported a 27% year-on-year reduction in consolidated net profit for the third quarter due to reduced revenues from thermal and hydroelectric units. Profit fell to Rs 168 crore in the three months ending December 31, 2024, the Sajjan Jindal-led business stated in a BSE report on January 28. JSW Energy made a profit of Rs 231 crore during the same period previous year.
Revenue fell to Rs 2640 crore in Q3 (FY25) from Rs 2661 crore the year before. The business stated that the increased revenues from renewable capacity augmentation and Utkal Unit-1 were offset by decreased short-term realization at the Ratnagiri and Vijayanagar facilities.
At around 9:20 a.m., shares of the business were trading at Rs 480, up 2.5 percent from the previous close on the NSE. JSW Energy shares are trading 42% lower than their all-time high of Rs 809.
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