JSW Energy is currently trading at Rs. 70.05, up by 1.55 points or 2.26% from its previous closing of Rs. 68.50 on the BSE.
The scrip opened at Rs. 70.00 and has touched a high and low of Rs. 71.30 and Rs. 69.50 respectively. So far 196955 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 123.60 on 25-Mar-2015 and a 52 week low of Rs. 59.10 on 12-Feb-2016.
Last one week high and low of the scrip stood at Rs. 71.30 and Rs. 66.15 respectively. The current market cap of the company is Rs. 11480.38 crore.
The promoters holding in the company stood at 75.00% while Institutions and Non-Institutions held 20.91% and 4.09% respectively.
JSW Energy is reportedly planning to acquire a 1,000 MW Jindal Power plant for about Rs 6,000 crore. The deal is likely to be announced shortly. Jindal Power (JPL) is owned by Jindal Steel & Power (JSPL). Cash-crunch due to the downturn in steel prices and burgeoning debt might force the JSPL to shed some assets.
JSW Energy, part of the JSW Group, is a growing energy company. The Group has diversified interests in carbon steel, power, mining, industrial gases, port facilities, aluminium, cement and information technology.
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