Navratna state-run company SJVN Ltd shares hit fresh 52-week low value on February 12, 2025 and witnessed decline on 25.67% in last 1-year. Last trading price of the scrip on Bombay Stock Exchange stood at Rs 89.64 per share. However, the stock offered shareholders returns of more than 177% in last 2-years span. The company on February 13, 2025 recommended an interim dividend of Rs 1.15 per share and fixed February 21, 2025 as the record date.
Brokerage firm Elara Capital recommended buy call with reduced target price of Rs 131 per share. The previous target price was fixed as Rs 137 per share. If you buy the stock at last trading price of Rs 89.64 per share, you can fetch potential gain of 46.14%. Meanwhile, Life Insurance Corporation Of India holds 2.54% stake in the PSU. Check more details pertaining to SJVN shares below:
SJVN Shares Set To Trade Ex-Dividend Next Week
According to the BSE filing of SJVN dated, “Board of Directors in the aforesaid meeting have also approved interim dividend of Rs 1.15/- per equity share for the Financial Year 2024-25.”
SJVN Sets Record Date For Interim Dividend
The exchange filing added, “the Record Date for the same is fixed on 21.02.2025. The payment of dividend shall start from 06.03.2025 onwards.”
SJVN Dividend History
The PSU offers a dividend yield of 2.01% and declared so far a total of 26 dividends since September 1, 2010. In last 1-year, it offered a dividend of Rs 1.80 per share, according to Trendlyne. It never recommended any bonus share so far.
SJVN Q3 Results
The company on February 13, 2025 reported a surge of 7% in its consolidated net profit to Rs 148.75 crore for the quarter ended December 31, 2024 amid higher revenues. The company had announced its net profit at Rs 138.97 crore in the corresponding quarter of last year, as per the BSE filing. The company declared its total income for December 2024 quarter at Rs 760.76 crore, up 25.18% as against Rs 607.72 crore announced in the similar quarter of last year. Meanwhile, its total expenses for the quarter under review declared at Rs 567.28 crore for the quarter ended December 2024 as compared Rs 409.33 crore.
Why SJVN Shares Declined 43.83% From 52-Week High
It is worth mentioning here that the Navratna PSU witnessed steep decline of 43.83% from 52-week high price of Rs 159.60 per share, if the last trading price of Rs 89.64 per share taken into consideration. There are several factors that led to the decline in the shares of SJVN in last 1-year span. It includes delays in the commissioning of the Buxar and Arun III projects. Profitability of the company remained lower than street estimates. Also, the ongoing market sentiments also contributed to the decline in shares of the company. Meanwhile, the power generation and distribution sector reportedly witnessed sluggishness.
SJVN Shares Performance
The 52-week high price of SJVN stock on BSE stood at Rs 159.60 per share (as on 26/07/2024) and 52-week low price is Rs 86.29 per share (as on 12/02/2025), respectively. SJVN has a market cap of Rs 35,226.68 crore and return on equity at 6.87%. SJVN shares plunged 36.96% in last 6-months, surged 201.82% in last 3-years, and rose 257.13% in last 5-years.
Disclaimer: The stock has been picked from the brokerage report of Elara Capital. Moneydaily.in, the author, and the respective brokerage house will not be held accountable for any losses caused as a result of decisions based on the article. Moneydaily.in advises readers to do their own research or consult a SEBI registered investment advisor before making any investment decisions.
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