Today 21st February JSW Energy share prices has gained significantly after an optimistic report from Morgan Stanley. Currently its trading for Rs 496.95. How much it can go for today? See what experts are recommending in today’s article.
JSW Energy Share Price in Today’s Market
As of 21st February 11.30 am JSW shares are trading at Rs 496.95. The shares opened at Rs 474 which is higher than the previous day close of Rs 468.55. This means its already at a 6.5% growth intraday. Shares have touched a high of Rs 503.85 and dipped lowest to Rs 473.10.
Company Financials
JSW Energy is one of the crucial player in India’s power market. Current market capitalization of the company stands at Rs 87,440 crore. The company is a part of JSW Group, which reported a decline in consolidated net profit in Q3. As per reports profits were 27% down to Rs 168 Crore which was Rs 231 Crore in the same period last year.
Recent news about JSW Energy Share
- The company is continuously expanding in green energy segment by investing in storage solutions. Also, it’s enhancing the thermal segment with strategic acquisitions.
- Analysts project a solid 24% growth in EBITDA over FY24-28. Not only this but with green energy projects EBITDA growth could reach up to 52%.
- JSW Energy has NCLT approval for the acquisition of KSK Mahanadi. This makes the company’s position more strong in the market.
JSW Energy Share Target Price
According o INDmoney JSW Share Prices could reach up to Rs 634.50 and highest of Rs 885. On the other hand Morgan Stanley suggests a target price of Rs 545 for a good exit. For longterm target The Tax Heaven suggests Rs 700 target for 2025, 750-850 for 2026 and High of 1800 by the year 2030.
Recommendation of Buy or Sell?
Currently analyst suggests to ‘Buy’ JSW Energy Shares. On moneycontrol website 46% analyst suggest buying shares, 23% suggests holding and only 8% suggests to sell. Consensus also puts a ‘Buy’ tag for JSW Energy Shares.
