In the stock market, a bulk transaction is one in which the total number of shares purchased or sold exceeds 0.5% of the company’s share capital. On Wednesday shares of this company opened at Rs. 361.50 apiece and closed at Rs. 368.60 apiece. Currently, the shares trading above then the 50-days and 200-days moving averages.
JSW Energy Ltd
An integrated power company that produces, transmits, and trades electricity is JSW Energy Ltd (JSW Energy). The business also offers services for building, running, and maintaining power plants. The corporation uses solar, hydro, and thermal energy sources to produce energy.
According to the BSE Bulk deal data, Authum Investment & Infrastructure Limited sold 1.6 Cr share at Rs. 345 and GQG Partners Emerging Market Equity Fund bought 1.19 Cr shares at the same price.
As per the company’s filing, consolidated total revenue declined by 3.2% YoY from Rs. 3,115.33 Cr in Q1 FY23 to Rs. 3,013.22 Cr in Q1 FY24, for the same period net profit fell by 48% from Rs. 554.78 Cr to Rs. 290.35 Cr.
The company belongs to a large-cap with a market capitalization of Rs. 60,524 Cr. On Wednesday shares of the company closed 6.26% up at Rs. 368.60 apiece and it’s just Rs. 1.30 apiece below from the 52-week high.
According to the most recent shareholding information as of June 2023, promoters own 74.66% of the business’s shares, 12.44% of which were pledged. DIIs own 10.32%, FIIs own 5.18%, and the general public owns 9.84% of the company.
Written by Sheshadri N
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