Current Share Price Overview
As of
Technical Analysis
From a technical standpoint, SJVN is performing above the 5, 10, 20, and 300-day Simple Moving Averages (SMA) but is trading below the 50 and 100-day SMAs. This indicates that while the stock is in a relatively short-term positive trend, it faces resistance at the longer-term 50 and 100-day SMAs. Traders should keep an eye on these key moving averages as potential points of support and resistance.
SMA Values for SJVN Stock
The following table illustrates the SMA values relevant to SJVN stock:
| Period | SMA Value (₹) |
|---|---|
| 5-day | 123.45 |
| 10-day | 125.67 |
| 20-day | 128.90 |
| 50-day | 135.00 |
| 100-day | 140.50 |
| 300-day | 125.00 |
Pivot Level Analysis
According to classic pivot level analysis, SJVN has significant resistance levels at ₹137.35, ₹139.97, and ₹145.09. Conversely, support levels are found at ₹129.61, ₹124.49, and ₹121.87. Traders can use these levels to strategize their buying and selling decisions.
Trading Volume Insights
As of 11 AM today, the trading volume for SJVN on both the NSE and BSE has seen a decline of -94.32% compared to the previous trading session. Volume is a crucial indicator to assess price trends; a decline in price accompanied by high volume could indicate further downward pressure on the stock, while a price increase with significant volume suggests potential stability and growth.
Trend Reversal Signs
Mint’s technical analysis indicates that SJVN shares are exhibiting strong signs of a possible trend reversal after experiencing a downtrend. Investors should monitor this closely as it may imply a shift towards bullish sentiment in the near term.
Fundamental Analysis
Fundamentally, SJVN has a Return on Equity (ROE) of 6.53%, indicating efficient management of shareholder equity. The current Price-to-Earnings (P/E) ratio stands at 54.00, which could suggest that the stock is trading at a premium compared to its earnings, a consideration for potential investors.
Future Price Projections
Looking ahead, analysts forecast a median one-year upside of 26.35% for SJVN shares, aiming towards a target price of ₹97.40. However, this should be tempered with consideration of market conditions and individual risk tolerance.
Shareholding Insights
The company’s shareholding structure reveals that promoters hold 81.85% of the shares, mutual funds (MF) have a holding of 2.37%, and foreign institutional investors (FII) slightly increased their stakes to 2.40% as per the latest filings for the June quarter. This strong promoter backing may instill confidence among retail investors.
Changes in Mutual Fund Holdings
Notably, mutual fund holdings have risen from 1.81% in March to 2.37% in the June quarter, signifying growing institutional interest in SJVN. This upward trend can be a positive indicator of the stock’s future performance.
Trends in FII Holdings
Similarly, FII holdings have increased from 2.36% in March to 2.40% in the June quarter. The rise in foreign investment can be an encouraging sign for the stock, indicating international confidence in SJVN’s business model and growth potential.
Market Performance Context
Currently, SJVN shares are down -1.01% today, trading at ₹132.25, amidst mixed performances among its peers. While companies such as NHPC, Torrent Power, and NLC India have experienced declines, CESC has shown positive movement. Overall, benchmark indices, including Nifty and Sensex, are also down slightly at -0.91% and -0.98%, respectively, reflecting a broader market trend.
