Multibagger Power Company Bags 2 Orders for Setting Up 800 MW Solar Power Project; FIIs Buy 12,25,33,657 Shares!

The company’s shares have delivered an impressive return of over 140 per cent in just 1 year.

JSW Energy Ltd and its subsidiaries are primarily engaged in the business of power generation from their power assets located in Karnataka, Maharashtra, Nandyal, and Salboni. It is the holding company for the JSW Group's power business. The company also has a joint venture engaged in mining activities and an associate involved in the manufacturing of turbines.

JSW Neo Energy Limited, a wholly-owned subsidiary of the company, has received a letter of award from Karnataka Renewable Energy Development Limited to set up a 300 MW solar power project at Pavagada Solar Park in Karnataka. Additionally, JSW Neo Energy Limited has been awarded a contract by the Solar Energy Corporation of India Limited to establish a 500 MW solar power project, along with a 250 MW / 500 MWh energy storage system (Tranche XV).

JSW Energy Ltd shares closed the day at around Rs 708.80 per share. The company’s current market capitalization stands at Rs 123881.83. The stock has delivered a multibagger return of over 145 per cent in the just 1 year.

As per the Quarterly Results, in the fourth quarter of FY24, JSW Energy Ltd recorded a revenue of Rs 2879 crore. The operating profit for Q4 FY24 stood at Rs 1418 crore. The net profit for Q4 FY24 was Rs 534 crore. Looking at the annual performance, the company generated a revenue of Rs 11486 crore in FY24, compared to Rs 10332 crore in FY23. The operating profit for FY24 was Rs 5382 crore with a net profit of Rs 1725 crore.

According to the shareholding pattern, promoters own 69.32 per cent, while 5.90 per cent is owned by public investors. FIIs and DIIs owns a 15.37 per cent and 9.21 per cent stake in the company.

Investors must keep this Large-Cap stock on their radar.

Disclaimer: The article is for informational purposes only and not investment advice.