JSW Energy Share Price Overview
As of October 10 at 16:00, the JSW Energy share price stands at ₹728.95, reflecting a slight decline of 0.14% from its previous closing value. In the broader market, the Sensex has experienced a modest increase of 0.18%, trading at ₹81611.41. During the trading session, JSW Energy shares reached a high of ₹741 and a low of ₹723, indicating some volatility in its price action.
Technical Analysis
On the technical front, JSW Energy is currently trading above its 5, 50, 100, and 300-day simple moving averages (SMA), while it remains below the 10 and 20-day SMAs. The stock exhibits significant support levels at the 5, 50, 100, and 300-day SMAs, while it encounters resistance at the 10 and 20-day SMAs. This technical landscape is crucial for traders, indicating potential price movements in the near future.
Pivot Level Analysis
According to classic pivot level analysis on a daily time frame, JSW Energy has established pivotal resistance levels at ₹739.67, ₹749.33, and ₹757.67. Conversely, key support levels are identified at ₹721.67, ₹713.33, and ₹703.67. These levels are essential for investors to monitor, as they may indicate where the stock might find stability or face challenges in the future.
Market Volume and Activity
By 4 PM today, trading volume for JSW Energy on both the NSE and BSE was reported to be 51.44% lower than the previous trading session. Volume is a critical indicator in technical analysis, offering insights into the strength of price trends. Typically, positive price shifts supported by increased volume suggest a sustainable upward move, whereas negative price movements accompanied by high volume may signal continued declines.
Analysis Summary
Mint’s technical assessment indicates that after exhibiting a strong uptrend, the stock appears to show signs of a potential reversal. Traders should watch closely for further developments in this regard.
Fundamental Analysis
From a fundamental standpoint, JSW Energy demonstrates a Return on Equity (ROE) of 8.73%, reflecting its efficiency in generating profits from shareholders’ equity. The current Price-to-Earnings (P/E) ratio stands at 62.32, suggesting that investors are willing to pay a premium for the company’s future earnings potential.
Forecast and Investor Sentiment
The forecast for JSW Energy suggests a median 1-year upside of 10.42%, with a target price projected at ₹653.00. This outlook indicates a potential appreciation for investors, despite current trading challenges.
Shareholding Structure
Insights into shareholder composition reveal a promoter holding of 69.32%, along with Mutual Fund (MF) holdings at 0.68% and Foreign Institutional Investor (FII) holdings at 15.37%, according to the latest filings for the June quarter. Notably, MF holdings have increased from 0.64% in March, while FII holdings have also risen from 13.34% during the same period, indicating growing institutional interest in the stock.
Peer Comparison
Today, JSW Energy’s performance diverges from its peers; while it reflects a slight decrease of 0.14%, competitors such as Adani Power, Tata Power, and Adani Energy Solutions are currently observing increases in their stock prices. Conversely, Torrent Power is falling. Overall, benchmark indices like Nifty and Sensex are registering modest gains of 0.07% and 0.18%, respectively, reflecting a mixed market sentiment.
