SJVN surges on bagging `Navratna Status` from Government of India
SJVN is currently trading at Rs. 137.10, up by 3.80 points or 2.85% from its previous closing of Rs. 133.30 on the BSE.
The scrip opened at Rs. 139.65 and has touched a high and low of Rs. 140.00 and Rs. 136.70 respectively. So far 886025 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 170.45 on 05-Feb-2024 and a 52 week low of Rs. 61.35 on 06-Sep-2023.
Last one week high and low of the scrip stood at Rs. 140.00 and Rs. 132.00 respectively. The current market cap of the company is Rs. 53995.39 crore.
The promoters holding in the company stood at 81.85%, while Institutions and Non-Institutions held 6.33% and 11.83% respectively.
SJVN has bagged ‘Navratna Status’ from Department of Public Enterprises, Ministry of Finance, Government of India.
Navratna companies in India can invest up to Rs 1,000 crore or 15% of their net worth in a single project without needing government approval. These companies have the liberty to invest up to 30% of their net worth within a year as long as it stays below Rs 1,000 crore.
SJVN’s principal business activity is electricity generation. The company is also engaged in the business of providing consultancy.
