Get Ready For Rs 1.15 Dividend By PSU Stock, Buy Before Feb 21 To Be Eligible For Payout By 6th March?

On May 24, 1988, the Government of India (GOI) and the Government of Himachal Pradesh (GOHP) jointly constituted SJVN Limited, a Navratna CPSE under the administrative jurisdiction of the Ministry of Power, Government of India. In addition to the neighbouring nation of Nepal, SJVN is now developing or running power projects in the Indian states of Himachal Pradesh, Uttarakhand, Bihar, Maharashtra, Uttar Pradesh, Punjab, Gujarat, Arunachal Pradesh, Rajasthan, Assam, Odisha, Mizoram, and Madhya Pradesh. After the business announced its FY25 interim dividend, SJVN's shares closed Monday's trading session 1.05% down at Rs 88.70 per share, with a market capitalisation of Rs 34,857.28 Cr.

SJVN Dividend

"We would like to inform that the Board of Directors in the aforesaid meeting have also approved interim dividend of ₹1.15/- per equity share for the Financial Year 2024-25. The Record Date for the same is fixed on 21.02.2025. The payment of dividend shall start from 06.03.2025 onwards," said the company in a stock exchange filing.

SJVN Q3 Financials

Due to increased revenues, SJVN Ltd reported a 7% increase in consolidated net profit to Rs 148.75 crore for the December quarter. According to a BSE filing, the business reported a net profit of Rs 138.97 crore last year. According to the report, total revenue increased from Rs 607.72 crore to Rs 760.76 crore during the quarter. In Q3FY25, the operating revenue was Rs 671 crore, which was 23% more than the Rs 543 crore recorded in the same quarter of the previous fiscal year. In the reporting quarter, the company's costs were Rs 520 crore, up from Rs 427 crore in Q3FY24 and Rs 466 crore in Q2FY25. The operating margin dropped from 74.95% in Q2FY25 and 56.75% in Q3FY25 to 52.85% in Q3FY25. Compared to 47.57% in Q2FY25 and 25.22% in Q3FY25, the net profit margin was 22.28% in Q3FY25.

SJVN Share Price Target

Mandar Bhojane - Equity Research Analyst commented "SJVN is currently trading at ₹89.75 and has been facing consistent selling pressure since the end of July 2024. The stock has been forming a pattern of lower lows and lower highs, confirming a sustained bearish trend. With a sharp decline of 43% from its all-time high, the price action reflects significant weakness. Recently, SJVN breached the critical support level of ₹91 and is now trading below all key EMAs (20-day, 50-day, and 200-day), reinforcing the bearish sentiment."

"Additionally, the Relative Strength Index (RSI) stands at 36.41 and continues to trend downward, signaling increasing selling momentum. The ₹86-₹80 range is expected to act as a strong support zone, as these levels have historically attracted buying interest. A decisive breakdown below ₹86 could expose the stock to further downside, while stabilization within this range might lead to a potential rebound," the analyst added.

"Given the prevailing market conditions, traders and investors should exercise caution and closely monitor key levels. A sustained move above ₹95 may signal a potential bullish reversal, whereas continued weakness below ₹86 could extend the downtrend. It is advisable to wait for confirmation of price action before considering fresh positions," Mandar Bhojane recommended.

Disclaimer

The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.