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Buy JSW Energy, price target Rs 80: Shrikant Chouhan

The analyst suggested a stoploss at Rs 74.5

Updated: Dec 06, 2019, 08.46 AM IST
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Shrikant Chouhan of Kotak Securities Limited has a buy call on JSW Energy Ltd. with a target price of Rs 80. The current price of JSW Energy Ltd. is Rs 77. Time period given by the analyst is Intra Day when JSW Energy Ltd. price can reach defined target. Shrikant Chouhan recommended to keep a stoploss at Rs 74.5.

JSW Energy Ltd., incorporated in 1994, has a market cap of Rs 12580.48 crore. JSW Energy Ltd. key Products/Revenue Segments include Power which contributed Rs 4884.38 Crore to Sales Value (95.42 % of Total Sales), Sale of services which contributed Rs 169.58 Crore to Sales Value (3.31 % of Total Sales), Lease Rentals which contributed Rs 61.32 Crore to Sales Value (1.19 % of Total Sales) and Other Operating Revenue which contributed Rs 3.05 Crore to Sales Value (0.05 % of Total Sales)for the year ending 31-Mar-2019.

For the quarter ended 30-09-2019, the company has reported a Consolidated sales of Rs 2118.55 Crore, down -12.17 % from last quarter Sales of Rs 2412.17 Crore and down -12.84 % from last year same quarter Sales of Rs 2430.76 Crore Company has reported net profit after tax of Rs 347.84 Crore in latest quarter.

The company’s top management includes Mr.Chandan Bhattacharya, Mr.Jyoti Kumar Agarwal, Mr.Nirmal Kumar Jain, Mr.Prashant Jain, Mr.Rakesh Nath, Mr.Sajjan Jindal, Mr.Sattiraju Seshagiri Rao, Mr.Sharad Mahendra, Mr.Sunil Goyal, Ms.Rupa Devi Singh. Company has Deloitte Haskins & Sells LLP as its auditors. As on 30-09-2019, the company has a total of 1,641,921,425 shares outstanding.

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