Stock To Sell: Mid Cap Multibagger Power Sector Stock Gets Sell Call: HDFC Securities

Leading brokerage firm, HDFC Securities has assigned sell call to Power sector stock, JSW Energy with a target price of Rs 186 apiece. The current market price of the stock is Rs 279 apiece. Meanwhile, the analyst claims that JSW is expected to declare a net profit of Rs 322 crore, up 0.4% year on year.

JSW Energy's EBITDA (Earnings before interest, taxes, depreciation, and amortization) is expected to decline by 6.8% year on year to Rs 737 crore, stated HDFC Securities. JSW Energy has a market capitalisation of Rs 45,952 crore. Check details below:

1. JSW Energy Stock Performance

The last trading price of the stock is Rs 279 apiece with an intraday fall of 1.11%. The stock's 52-week high is quoted at Rs 369 apiece and 52-week low is quoted at Rs 182 apiece, respectively.

2. JSW Energy Return

The stock has given multibagger returns over the years. In last 5-years, JSW Energy has given returns of 193%, 308% return in last 3-years, and declined 11% in last 1-year. In last 3-months, JSW Energy declined 14% and 6% in last 1-month.

The mid cap stock for the quarter ended September 30, 2022 declared a consolidated total income of Rs 2596 crore, down 16% from previous quarter total income of Rs 3115 crore.

3. JSW Energy About

JSW Energy Limited is amongst India's leading private sector power producing companies that believes in the efficient utilisation of all available resources.

From managing operations, enhancing social and economic benefits, minimizing environmental impacts and employing cutting-edge innovation, JSW Energy has grown steadily and strongly through the years. Today, the company's presence extends across several Indian states and includes stakes in natural resource companies in South Africa, according to its official website.

Disclaimer

The stock has been picked from the brokerage report of HDFC Securities. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.