JSW Energy (JSWENERGY) Shares Skyrocket 125% in a Year: Is it Time to Invest Post-Q4 Results?

• JSW Energy’s share price rose nearly 6 per cent in early deals on BSE on Wednesday, May 8, following the company’s announcement of its March quarter results.
• The company reported a healthy year-on-year (YoY) rise in revenue and profit, with the share price opening at ₹594.85 against its previous close of ₹583.85.
• Despite some volatility, the share price jumped nearly 6 per cent to the level of ₹618.

JSW Energy’s share price sees a significant rise following the announcement of its Q4 results, with a YoY increase in revenue and profit.

JSW Energy Share Price Trend

Over the past year, JSW Energy’s share price has surged by an impressive 125 per cent, doubling investors’ wealth. The stock reached its 52-week high of ₹651.55 on April 22 this year and saw some profit booking thereafter. For the month of May so far, the stock is down nearly 7 per cent. On the monthly scale, the stock has been in the green since November 2023.

JSW Energy Q4 Result

The Sajjan Jindal-led firm posted a 29 per cent YoY rise in its Q4FY24 consolidated net profit to ₹351 crore. Total revenue in Q4FY24 increased by 3 per cent YoY to ₹2,879 crore. For the financial year 2024 (FY24), the company’s profit after tax increased by 17 per cent YoY to ₹1,723 crore while total revenue increased 10 per cent YoY to ₹11,941 crore. The company’s board recommended a dividend of ₹2 per equity share of ₹10.

Should You Buy the Stock?

Brokerage firms have largely maintained their earlier mixed views on the stock after the company’s Q4 result. Some of them, however, have raised their target price for the stock. Brokerage firm JM Financial retained a buy call on the stock after the March quarter results and raised the target price to ₹648 from ₹555 earlier. Kotak Institutional Equities has maintained a ‘sell’ call on the stock after the Q4 result but revised the fair value to ₹275 against ₹235 earlier.

Conclusion

JSW Energy’s share price has seen a significant rise following the announcement of its Q4 results. Despite some volatility, the company’s YoY increase in revenue and profit has led to a surge in the share price. However, brokerage firms have mixed views on whether to buy the stock, with some raising their target price while others maintain a ‘sell’ call.