SJVN Share Price Surges, Experts Predict Further Growth
📈 Public sector electricity company SJVN Limited has seen some ups and downs in its share price recently. However, experts believe that this stock has the potential to make investors wealthy. In order to capitalize on this opportunity, investors should consider investing in SJVN stock for a short period of time.
According to specialists at brokerage house HDFC Securities Firm, investors should buy SJVN Limited shares for the next 3 months. The company’s shares closed at ₹121.60 on Thursday, March 28, 2024, with a decrease of 0.98%. On Monday, April 1, 2024, the stock was trading at ₹124, up by 2.06%.
Over the past year, SJVN Limited shares have provided returns of over 300% to its investors. Analysts believe that the stock is now gearing up for a new rally. Experts at HDFC Securities Firm suggest that the company’s shares could rise to ₹137 to ₹150. They recommend placing a stop loss at ₹117 when investing in this stock.
In the past year, SJVN Limited shares have earned investors a return of 295%. In the last six months, the company’s shares have outperformed by up to 68%. Over the last three months, the company’s share price has increased by 33%. Year-to-date, SJVN Limited shares are up by 30%.
According to brokerage firm analysts, SJVN stock is indicating a rally on daily and weekly charts. The stock is showing strong support at the 21-point EMA level. SJVN shares are forming a double top-buy pattern on the point and figure chart. This is why a strong rally is underway in the stock, prompting experts to recommend immediate purchase of the company’s shares.
Disclaimer: This is News Coverage with Opinions of Experts and Should Not Be Taken as Direct Market Buying Tip. Market is always subject to risk. We recommend taking our content as research before investing.
