SJVN shares

SJVN stock surges 5% following PSU agreement with Maharashtra government

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SJVN stock surges 5% following PSU agreement with Maharashtra government

State-run SJVN’s shares surged by almost 5 per cent on Friday following the company’s announcement to exchanges about securing two MoUs with the Maharashtra government for power project development. The estimated total investment for these projects is around ₹48,000 crore. The Navratna CPSE announced today that it has entered into two Memorandums of Understanding (MoUs) … Read more

SJVN stock plunges 2% after Goldman Sachs anticipates 40% decline in share price

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SJVN stock plunges 2% after Goldman Sachs anticipates 40% decline in share price

The share price of SJVN dropped significantly to an intraday low of ₹136.51 on the National Stock Exchange (NSE) on August 21, declining by 1.46 percent from its previous close after Goldman Sachs reaffirmed its ‘Sell’ recommendation on the state-owned hydropower company. The analysts at the global brokerage set a new target price of ₹85 … Read more