Although there was a sell-off in the stock market on Tuesday, the stock of power sector company JSW Energy continued to rise. The stock of JSW Energy is seeing a rise for two consecutive days.
Share performance: At present, the share price of JSW Energy is at Rs 340 on the BSE Index. The share price was at Rs 408.70 on 14 October 2021. In this context, there is a recovery in the stock. At the same time, on 5 April 2021, the share price was Rs 85.10. This means to say that now the share price is Rs 255 more than a year ago. Talking about the market capital, it is about 56 thousand crores.
What is the reason: In fact, JSW Neo Energy, a subsidiary of JSW Energy, has tied up with the Chhattisgarh government. JSW Energy inked agreement to set up 1,000 MW of hydroelectric storage project in the state.
Read this-IPO of 2 companies approved simultaneously, double chance for investors
JSW Energy reported a growth of 162.23 per cent in profit in the third quarter of the last financial year. Now the profit has gone up to Rs 323.93 crore. In the quarter of December 2020, there was a profit of Rs 123.53 crore.