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JSW Energy advances on reporting 3% rise in Q1 consolidated net profit

JSW Energy is currently trading at Rs. 70.25, up by 2.55 points or 3.77% from its previous closing of Rs. 67.70 on the BSE.

The scrip opened at Rs. 68.00 and has touched a high and low of Rs. 70.40 and Rs. 68.00 respectively. So far 22117 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 10 has touched a 52 week high of Rs. 77.00 on 28-May-2019 and a 52 week low of Rs. 56.00 on 08-Oct-2018.

Last one week high and low of the scrip stood at Rs. 70.40 and Rs. 65.90 respectively. The current market cap of the company is Rs. 11358.92 crore.

The promoters holding in the company stood at 74.93%, while Institutions and Non-Institutions held 15.25% and 9.79% respectively.

JSW Energy has reported 92.40% rise in its net profit at Rs 74.94 crore for the quarter ended June 30, 2019 as compared to Rs 38.95 crore for the same quarter in the previous year. However, total income of the company decreased by14.17% at Rs 1191.43 crore for Q1FY20 as compared Rs 1388.10 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a rise of 3.37% in its net profit at Rs 237.27 crore for the quarter ended June 30, 2019 as compared to Rs 229.53 crore for the same quarter in the previous year. Total income of the company increased by 1.49% at Rs 2463.99 crore for Q1FY20 as compared Rs 2427.87 crore for the corresponding quarter previous year.

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