Experts bullish, stock likely to rise by more than 20%

Some popular shares were under selling pressure in the stock market on Friday. The name of SJVN Limited is also included in these. The stock closed at ₹107 with a decline of 1.50%. However, domestic brokerage SMC Global Securities is bullish on the stock and considers it a potentially profitable investment for the next year.

expert opinion

SMC Global Securities has included SJVN Limited in its list of Top 10 Stocks for 2025.

• The brokerage believes there could be a potential upside of 15-30% from current levels.
• This advice has been given on the basis of technical and fundamental parameters.

What is the target price?

SMC Global Securities has set the target price of SJVN Limited at ₹134.

• There is a possibility of an increase of more than 20% from the current level.
• The brokerage estimates that the stock may touch this target in the next 8-10 months.

SJVN’s expansion plans

SJVN Limited is planning large scale capacity expansion and investment in the coming years.

• The company currently has 8.1 GW capacity and plans to float tender for 18.6 GW additional capacity.
• The company is expecting a capacity addition of 1,800 MW in the financial year 2024-25.
• With an emphasis on renewable energy, the company plans to make capital expenditure (capex) of ₹9,000 crore in FY2025.
• This capex may increase to ₹13,000 crore by financial year 2026-27.

September quarter results

SJVN’s performance remained stable in the September quarter of the current financial year 2024-25.

• Profit: ₹439.90 crore, up from ₹439.64 crore in the same quarter last year.
• Total income: ₹1,108.43 crore, up from ₹951.62 crore in the same period last year.

Message to investors

SJVN Limited’s growing involvement in renewable energy and upcoming capacity expansion make it an attractive option for the long term.

• The brokerage believes that the company’s long-term plans and capital expenditure can deliver better returns to investors.
• However, given the volatility in the stock market, investors are advised to act with caution.