JSW Energy's stocks are losing their power. Know why
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Shares of JSW Energy said Consolidated Net Profit in the first quarter slipped to 277 crore rupees from 325 crore rupees in the same quarter a year ago. Its Sales, too, fell to 2,107 crore from 2,558 crore rupees in the comparative quarters. JSW Energy said its net generation of electricity during April-June fell to 4,480 million units from 5,006 million units as several of its plants were undergoing routine maintenance.
As a consequence, JSW Energy fell 3.85 rupees to 95 rupees on the National Stock Exchange, where 22 lakh shares were traded in the first four hours of trade versus the 5-day average of 21 lakh shares.
JSW Energy's market capitalisation has gained 15 percent in the past one year to 15,690 crore rupees.
(Image credit: Indiatimes)
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