JSW Energy Share Price 📈💰
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1. Big Deal for JSW Energy: The Sajjan Jindal Group’s JSW Energy has made a significant deal for its electric vehicle project. The group will invest ₹40,000 crores to set up an electric vehicle plant in Odisha. The JSW Group has signed a memorandum of understanding with the state government for this purpose.
2. The Complete Plan: According to the company, JSW Group will establish an electric vehicle and battery manufacturing plant in Cuttack district. Additionally, a copper smelter and lithium refinery will be set up in Paradip, Jagatsinghpur district. Two weeks after the approval of a special incentive package by the state cabinet, the memorandum of understanding was signed.
3. Share Price Performance: On Tuesday, February 13, 2024, the JSW Energy share price increased by 0.01% to ₹812. However, on the previous Friday, the stock price was ₹499. At that time, the stock reached a 52-week high of ₹520. The share price increased on February 8, and there is a possibility that it will surpass ₹540 in the coming days.
4. Positive Outlook: Brokering firm JM Financial Institutional Securities Limited expects further growth in the share price. JSW Energy’s financial results for the December quarter of the current fiscal year showed a significant jump in profits. The company’s net profit increased by 28% to ₹231 crores, compared to ₹180 crores in the same quarter of the previous fiscal year. The company’s total revenue also increased by 13% to ₹2,661 crores during the quarter, compared to ₹2,350 crores in the same quarter of the previous fiscal year.
Decorated Listicle:
📈💰 JSW Energy Share Price ★A Sparkling Investment Opportunity! 💡
1. Big Deal for JSW Energy: The Sajjan Jindal Group’s JSW Energy has made a significant deal for its electric vehicle project. The group will invest ₹40,000 crores to set up an electric vehicle plant in Odisha. The JSW Group has signed a memorandum of understanding with the state government for this purpose.
2. The Complete Plan: According to the company, JSW Group will establish an electric vehicle and battery manufacturing plant in Cuttack district. Additionally, a copper smelter and lithium refinery will be set up in Paradip, Jagatsinghpur district. Two weeks after the approval of a special incentive package by the state cabinet, the memorandum of understanding was signed.
3. Share Price Performance: 📈 On Tuesday, February 13, 2024, the JSW Energy share price increased by 0.01% to ₹812. However, on the previous Friday, the stock price was ₹499. At that time, the stock reached a 52-week high of ₹520. The share price increased on February 8, and there is a possibility that it will surpass ₹540 in the coming days.
4. Positive Outlook: 🚀 Brokering firm JM Financial Institutional Securities Limited expects further growth in the share price. JSW Energy’s financial results for the December quarter of the current fiscal year showed a significant jump in profits. The company’s net profit increased by 28% to ₹231 crores, compared to ₹180 crores in the same quarter of the previous fiscal year. The company’s total revenue also increased by 13% to ₹2,661 crores during the quarter, compared to ₹2,350 crores in the same quarter of the previous fiscal year.
Get ready to ride the wave of JSW Energy’s success! 🌊 Invest in JSW Energy shares now and be a part of the electric vehicle revolution! 🚗💡💰
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