SJVN Share Price 📈✨
1. Budget Boost: After the presentation of the budget, the share price of Panbujli Power Generation Company SJVN reached a new high on Friday, 2nd February. The stock immediately touched a new 52-week high right after the market opened.
2. Financial Discussion: On 1st February, SJVN informed the stock exchange that the board of directors will hold a meeting on 9th February to discuss financial results and interim dividends for the quarter ending December 2023. Geeta Kapoor has been given additional responsibility as the company’s Chairman and Managing Director.
3. Surpassing Expectations: SJVN’s share price soared to Rs 129 on the BSE on Friday morning, reaching its highest level in a year. Within a short span of time, the share reached Rs 146.30, marking a 14.74% increase and touching a 52-week high. Over the past year, SJVN’s share has grown by a staggering 74%.
4. Government’s Stake: The government holds an 81.85% stake in SJVN, making it a joint venture between the central government and the government of Himachal Pradesh. As of December 2023, the government’s equity in the company was 81.85%, while public shareholding accounted for 18.15%.
5. Management Changes: According to regulatory filings, CMD Nand Lal Sharma’s resignation has been accepted, and he has been relieved of his responsibilities with immediate effect. Geeta Kapoor, Director (Personnel), has been given additional charge as Chairperson and Managing Director. She will assume the role from 1st February for a period of three months or until further orders.
SJVN’s share price has shown remarkable growth, reflecting investor confidence in the company’s performance. With the government’s stake and promising financial discussions, SJVN continues to be a significant player in the power generation sector. Stay tuned for more updates on SJVN’s stock performance. 💪🔥
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