{"id":104112,"date":"2023-06-15T14:45:00","date_gmt":"2023-06-15T09:15:00","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104112"},"modified":"2023-06-15T15:11:22","modified_gmt":"2023-06-15T09:41:22","slug":"psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects\/","title":{"rendered":"PSU stock jumps up to 6% after it signs MoU to develop renewable energy projects\u00a0"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-2304773880\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>The stocks of SJVN Limited opened their trading session today at Rs 39.00 and currently trade at Rs 39.20. The scrip witnessed an intra-day high price of Rs 40.65 indicating a gain of around 6 percent as compared to the previous closing price of Rs 38.45. Year-to-date, the stock has soared close to 12 percent ranging from Rs 35.05 to the current price levels.&nbsp;<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-1417617205\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>The movements in the stock prices are observed after the company, through a regulatory filing with the exchange, announced that it has signed a Memorandum of Understanding (MoU) with the Maharashtra State Power Generation Company, popularly known as MAHAGENCO.&nbsp;<\/p><p>The MoU is pertaining to the development of Renewable Energy Projects in the state of Maharashtra with a total capacity of 5,000 megawatts (MW). The association between the two brings feasibility for the purpose of setting up a wide range of renewable projects in Maharashtra, some of which include Pumped Storage, Hydro, Solar, etc.&nbsp;<\/p><p>The consolidated financials recently published by the company portray an operating revenue of Rs 2,938 crores during FY22-23 as compared to Rs 2,417 crores of revenues in the previous financial year. Moreover, the net profit figures increased from Rs 985 crores during FY21-22 to Rs 1,355 crores in FY22-23.&nbsp;<\/p><div class=\"trade-content_5\" id=\"trade-1323868769\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>The net profit margins of the company have shown an increase from 40.76 percent during FY21-22 to 46.11 percent in FY22-23. Moreover, the return on equity (ROE) showed decent growth taking a shift from 7.51 percent to 9.80 percent during the same time horizon.&nbsp;<\/p><p>SJVN Limited is a power generation company operating in various projects including the generation of wind power, thermal power, solar power, and power transmission. It implements projects in many states including Gujarat, Bihar, Rajasthan, etc, and also in neighbouring countries such as Bhutan and Nepal.&nbsp;<\/p><p><strong>Written by Amit Madnani<\/strong><\/p><div class=\"trade-after-content\" id=\"trade-1551064393\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>The stocks of SJVN Limited opened their trading session today at Rs 39.00 and currently trade at Rs 39.20. The scrip witnessed an intra-day high price of Rs 40.65 indicating a gain of around 6 percent as compared to the previous closing price of Rs 38.45. Year-to-date, the stock has soared close to 12 percent [&hellip;]<\/p>\n","protected":false},"author":5,"featured_media":82725,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[4865,31],"tags":[6600,5691,3601,6978,5159,5481,5482,8422],"class_list":["post-104112","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-analysis","category-news","tag-navratna-psu-stock-to-watch","tag-psu-banks-stocks","tag-psu-stock","tag-psu-stock-to-buy","tag-psu-stock-to-watch","tag-psu-stocks","tag-psu-stocks-2023","tag-psu-stocks-to-buy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>PSU stock jumps up to 6% after it signs MoU to develop renewable energy projects\u00a0 - Trade Brains Features<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PSU stock jumps up to 6% after it signs MoU to develop renewable energy projects\u00a0\" \/>\n<meta property=\"og:description\" content=\"The stocks of SJVN Limited opened their trading session today at Rs 39.00 and currently trade at Rs 39.20. The scrip witnessed an intra-day high price of Rs 40.65 indicating a gain of around 6 percent as compared to the previous closing price of Rs 38.45. Year-to-date, the stock has soared close to 12 percent [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-06-15T09:15:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-06-15T09:41:22+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/hydropower-cover-image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Trade Brains\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/hydropower-cover-image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Trade Brains\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects\/\",\"url\":\"https:\/\/tradebrains.in\/features\/psu-stock-jumps-up-to-6-after-it-signs-mou-to-develop-renewable-energy-projects\/\",\"name\":\"PSU stock jumps up to 6% after it signs MoU to develop renewable energy projects\u00a0 - 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